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.)
(178136 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.)
(178136 Points)
Replied 30 March 2018
Refer section 10(10D) of IT act..