insurance policy
Singh Kamboj (409 Points)
22 August 2018
income received after complication of insurance policy, this fall under income from other sourses
7 Replies
Singh Kamboj
(409 Points)
Replied 23 August 2018
my question is when my insurance policy completed and their total amount received from the insurance company then in which head I mention above said amount?
SK Rizwan
(31 Points)
Replied 23 August 2018
Please refer section 10(10D). It is exempt subject to some conditions..
Ankita Chachan
(practitioner)
(548 Points)
Replied 23 August 2018
Amount received on maturity on Insurace policy is exempted u/s 10(10)D subject to certain conditions. Kindly refer the section for more clarity.
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