Easy Office
Easy Office

LICI Maturity Amount

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 August 2009 One my client has got maturity amount (Rs. 2 lacs +) of LICI Policy after completing 20 Years. I got confused whether this amount is taxable or not ?
Kindly suggest at mhlaskar@gmail.com
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
05 August 2009 Amount received from LIC is exempt u/s 10(10D). Hence it will not be taxable in your hands.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links