Annuity or pension from lic

This query is : Resolved 

06 May 2018 Annuity received from LIC under Atal Bihari Varishta Yojana is Exempt or Taxable

06 May 2018 Varishtha Pension Bima Yojana is an annuity plan and annuity is chargeable to tax
as per the Income Tax Act, 1961

07 May 2018 Annuity is chargeable to tax under income from other sources.

07 May 2018 Annuity or pension is a part of salary U/S 17(1) of Income-tax Act.

07 May 2018 Metha Ji
17(1) attracts only if there is employer-employee relationship.


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