Easy Office
LCI Learning

Taxability of surrender of lic

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 July 2014 Is the tax treatment different for amount received on maturity of LIC Policy & Surrender of LIC Policy ? This is regarding LIC policy surrendered other than on account of death of employee.
Profile Image

Sandeep Dharar

Profile Image

Sandeep Dharar (Expert)
07 July 2014 No, both r fully exempted from tax.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
08 July 2014 IF YOU SURRENDER THE policy before completion of 2 year then your deduction will disallowed.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links