tax traeatment of maturity amount of LIC
This query is : Resolved
09 July 2011
plz tell me what is the tax treatment of maturity amount received from insurance company engaged in life insurance business. is it taxable or exempted from tax and also quote relevant section.
09 July 2011
its exempted from tax
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09 July 2011
Section is 10(10D)of the Income tax Act,1961.
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