reena jain (CA ) (247 Points)
17 September 2010HI FRIENDS
KINDLY LET ME KNOW
1. WHETHER PAYMENT RECEIVED FROM LIC (BIMA PLUS) ON MATURITY OR BEFORE MATURITY BUT AFTER LOCK IN PERIOD IS EXEMPTED OR NOT.
SHOULD BE EXEMPTED US 10 (10) D
SOME CONTROVERSY EXISTING KINDLY CLARIFY
THANKS
REGARDS
REENA JAIN
Harpreet
(* * * * * *)
(1670 Points)
Replied 17 September 2010
They will consider your capital gain whether short term or long term. I think so they will deduct your tax.
Harpreet
(* * * * * *)
(1670 Points)
Replied 17 September 2010
Before posting the forum here, you should read the bond which you had got at the time of getting this policy from LIC side. You will get it resolved yourself.
CAclubindia
