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154 Points Joined April 2017
I PURCHASED AN ONE TIME LIC ON 30.09.2009. THE MATURITY OF THE ABOVE POLICY IS IN 30.09.2019. NOW WILL IT BE TAXABLE FOR AY: 2020-21?
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On 19 July 2017 at 14:05 Report
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accountant
35 Points Joined July 2011
As per Section 10(23D) any amount received from LIC ON maturity wil fully exempted and not chargeable to tax. So no tax on amount received on maturity income.

Read more at: /forum/is-amount-received-on-maturity-of-lic-taxable--153490.asp
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On 21 July 2017 at 14:06


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