Friends,
I HAVE A QUERY REGARDING LIC INVESTMENTS IN WHICH WE HAVE DEDUCTIONS U/S 80C.
MY QUERY IS FOR HOW MANY YEARS SHALL A INVESTMENT UNDER LIC IS TO BE KEPT i.e IF I WITHDRAW AFTER A CERTAIN PERIOD WHETHER IT WOULD GET TAXABLE.
Afzal Momin (CA FINAL) (177 Points)
04 February 2015Friends,
I HAVE A QUERY REGARDING LIC INVESTMENTS IN WHICH WE HAVE DEDUCTIONS U/S 80C.
MY QUERY IS FOR HOW MANY YEARS SHALL A INVESTMENT UNDER LIC IS TO BE KEPT i.e IF I WITHDRAW AFTER A CERTAIN PERIOD WHETHER IT WOULD GET TAXABLE.
CHAVDA SANJAY MANSUKHBHAI
(proprietor)
(402 Points)
Replied 07 February 2015
minimum three year you have to investment .
if you withdraw the amount, it is add in year which year you withdraw.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
