I have taken a LIC Policy (Jeevan Sathi) 20 years ago. Now this policy is going to end and I am going to receive policy money.
Will that amount be taxable?
5 Replies
Mukesh Choraria
(Professional Motivator)
(853 Points)
Replied 08 February 2011
As per Sec. 10(10D) ----------any receipts under LIC policy including bonus is exempt....
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 24 February 2011
| Originally posted by : Knowledge Zone | ||
 |
As per Sec. 10(10D) ----------any receipts under LIC policy including bonus is exempt.... |
 |
agreed..
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 24 February 2011
agree with mr karan and pankaj
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