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Insurance claim

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2014 If claim received from lic after the death of insurer , the received amount is taxable or not.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 September 2014 Not taxable. Exempted in the hands of recipient.

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