Regarding LIC
This query is : Resolved
27 June 2009
my question is that a person who is a partner in firm. His LIC is matured during the FY-2008-09. it is exempt income u/s 10(10D). please tell me where should he show his income either in Capital A/c or other separate head?
29 June 2009
Hi,
It is better to be shown in his capital account.
It is better to be shown in his capital account.
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