The single payment of LIC Rs.25,00,000 made by parents in the name of Mr. A when he was minor , when the policy amount Recieved after maturity MR. A is major .
In whose hands the matured policy amount is taxable?
and what is its tax implication?
harika (student) (31 Points)
28 March 2022The single payment of LIC Rs.25,00,000 made by parents in the name of Mr. A when he was minor , when the policy amount Recieved after maturity MR. A is major .
In whose hands the matured policy amount is taxable?
and what is its tax implication?
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 28 March 2022
harika
(student)
(31 Points)
Replied 28 March 2022
can i just know whose hand it is taxable either major or their parents
CAclubindia
