Tax on maturity proceeds of ICICI Pru Lifelines Wealth SP
This query is : Resolved
19 August 2021
I invested Rs 5 lakh in the ICICI Pru Lifeline SP in 2011. Insured value was Rs.6.5 lakh. The investment was in units. Received 10. 75 lakh in 2021 after 10 years after TDS. What portion of the maturity proceeds is taxable? ENTIRE RS. 10.75 LAKH OR NET VALUE OF RS 5.75 KAKH?
19 August 2021
Net value only taxable.
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