21 August 2014
depends on the facts of case. the mutual fund amount is to be classified between equity and non-equity scheme and then between short term and long term capital gains.
insurance receipts in term of principal amount are to be treated as capital receipts and interest portion is to be taxed as income from other sources
22 August 2014
mutul fund taxable amount depended on its eligible u.s 80c or not and theses are equity link or not . it taxable under the long term capital gain or short term capital gain. amount from LIC is not taxable it is capital receipts.
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