Taxability of LIC Maturity amount
sundeep (Student CA CPT ) (50 Points)
29 March 2018sundeep (Student CA CPT ) (50 Points)
29 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170902 Points)
Replied 30 March 2018
In most of such policies....... total maturity/surrender value is taxable in the year of receipt......
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170902 Points)
Replied 30 March 2018
Refer section 10(10D) of IT act..
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)