Death of the tax payer
This query is : Resolved
26 November 2011
if there is a death of the family member before maturity of his insurance and insurance claim is recieved .then what is the tax treatment.if it is exempt then under which sec it is exempt?????
In case suppose died person is Tax Payer?
In case suppose died person is Tax Payer?
26 November 2011
LIC received by legal heir is exempt in the hands of the legal heir.
28 November 2011
pls tell me that lic rec. in hands of legal haeir is exempt under which section
29 November 2011
Section 10(10D) provides that any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, shall not be included in the total income.
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