Bonus received from insurance company


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 March 2015 Dear Sirs,

I would like to know that if Bonus Received from Insurance Company, it is taxable or not ? and on which section ??

also want to know about dividend taxability

thanks everyone



20 March 2015 it will be income from other sources only.

dividen recvieved from indian company who have paid dividend distribution tax will not be taxable in hands of shareholders.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2015 I would like to know, in life insurance after maturity if i received excess amount (maturity-premium paid) do it is exempted u/s 10(10D)?

what is the entry in my proprietor books of account ?



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