any pension received from LIC is an exempt
Pension From LIC
Page no : 2
Y.N.Vinod
(Consultant - Risk Advisory Services)
(98 Points)
Replied 20 November 2009
It is U/s 10(23AAB)
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 22 November 2009
yes tts fully taxble
kabirsen
(student)
(251 Points)
Replied 22 November 2009
it will be taxable once direct tax code comes ... becaus this invests work on"eee" concept...and dtc is on "eet" concept
Vijay
(CA)
(119 Points)
Replied 22 November 2009
pension received under scheme mentioned in sec 80 ccc is taxable if it is claimed as deduction
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