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Section 10(10d) - life insurance maturity receipt (income ta

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26 July 2011 Sirs,

Section 10(10D) - Life insurance maturity Receipt (Income Tax)
1. Is the benefit under this section the NO CALCULATION OF CAPITAL GAIN TAX?

2. I have heard that the money paid by the person opting for it + the returns received from it both are Taxable. m Can someone give me a reply to these queries in yes and no?

Reply at suresh_o_chotrani@yahoo.com

Suresh


26 July 2011 Section 10(10D) - Life insurance maturity Receipt (Income Tax)

. Life insurance maturity Receipt IS NOT TAXABLE



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