insurance
Shivkumar (Student) (53 Points)
03 July 2018If a life insurance with single premium paid in lumpsum has been pre matured then what is the taxability?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185339 Points)
Replied 03 July 2018
Generally, the total maturity/surrender value is taxed under head 'IFOS'
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