Deduction
This query is : Resolved
02 March 2015
Dear All,
return in the form of interest/Bonus against investment u/s. 80c, 80CCC, 80CCD is taxable or exempt. i.e. Income received after LIC policy matured. this income is taxable or Non-taxable or exempt
Pls give suggession.
Thanks in advance
return in the form of interest/Bonus against investment u/s. 80c, 80CCC, 80CCD is taxable or exempt. i.e. Income received after LIC policy matured. this income is taxable or Non-taxable or exempt
Pls give suggession.
Thanks in advance
05 March 2015
Depends on the specific investment. Like Interest from PPF is exempt, LIC maturity receipt is exempt, Interest on Tax Saving FD is not exempt, interest on NSC is not exempt. So depends on the specific investment.
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