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Receipt From LIC

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(Querist)
15 December 2008 Whether receipt from LIC on death of the insured person by the nominee of the insured is taxable ? If taxble under which section
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
15 December 2008 No it is not taxable.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
15 December 2008 Not taxable
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Ravikumar.G

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Ravikumar.G (Expert)
15 December 2008 No

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