plz tell me answer of below mention questions.
1. Received money back from LIC every 5 years. so tell me these are taxable.
2. RD & SIP is included in u/s 80C.
Ritu Sedwal
(Chartered Accountant)
(407 Points)
Replied 29 July 2011
1)Refund will not be taxable
2)In my opinion RD is not included u/s 80c...
SIP i.r.t tax fund is eligible for deduction u/s 80c
CAclubindia
