Let me know if any excess amount received from premature life insurance policy is taxable under the income tax act, If yes under what section
Arun kushwaha (Student) (82 Points)
20 January 2009Let me know if any excess amount received from premature life insurance policy is taxable under the income tax act, If yes under what section
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 20 January 2009
It depends on the scheme you have opted for.
Manoj Gupta
(CA)
(24 Points)
Replied 27 February 2012
see page no 20 of times of india dated 27,feb-12
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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