CCI Online Coaching    |    x

Bonus from LIC

This query is : Resolved 

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)

18 July 2010

fully exempted

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

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x