L.I.C. pension is received. the assessee is not a L.I.C. agent.
under which head it is chargeable to tax or
it is exempt from tax
L.I.C. pension is received. the assessee is not a L.I.C. agent.
under which head it is chargeable to tax or
it is exempt from tax
I think If it's received in lumpsum then it is exempted but if it's received monthly/periodically then it is taxable, and you can show it as other source of income, as you can't show it as salary.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
