Home > Experts > Income Tax > Bonus from LIC


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Bonus from LIC (Income Tax)

Report Abuse
This query is : Resolved


( Author )
18 July 2010

Dear Experts,
I want to know that is the bonus amt received from LIC before the maturity (in case of money back policy) or after the maturity is taxable or not?


CMA. CS. Sanjay Gupta

( Expert )
18 July 2010

Fully exempted from tax u/s 10(10D) of the Income Tax Act, 1961.



CA.ViVeK M ACA

( Expert )
18 July 2010

The bonus is fully exempted from tax u/s 10(10D)


CA GAURAV GUPTA ACA, ACS, LL.B

( Expert )
18 July 2010

fully exempted


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :









submit










Quick Links





back to the top