Insurance Policy
lokesh agrawal (142 Points)
28 May 2018
whether at the time of Maturity The surrender value of policy attract taxability or not??
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185464 Points)
Replied 28 May 2018
Yes, if the premium amount was more than one tenth of sum assured......
or say in another way, if TDS was deducted on surrender value....
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