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Maturity of lic

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(Querist)
21 July 2015 One individual was deducting from PL of the lic premium not treating it as investmentNow the policy has matured What can be the treatment of the matured amount including interest thereon
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
21 July 2015 Maturity amount including interest will be part of Capital A/c.

For Taxation point view please refer section 10(10D)

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