Bonus from LIC
This query is : Resolved
Pawan Sharma
(Querist)
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?
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?
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
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