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Exempt fm Tax

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(Querist)
13 November 2010 Mention with reason the tax tretment in hand of assessee.
1.Bonus recevied from LIC Rs 15000 at time of maturity of an endowment policy.Please mention how to write provision.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
13 November 2010 Above receipt is exempt from Tax.
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haridhayalan

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haridhayalan (Expert)
13 November 2010 agree with sanjay ji.



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BISWAJIT KUMAR SHAW

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BISWAJIT KUMAR SHAW (Querist)
20 November 2010 Under which see
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 November 2010 Under Sec 10(10D) of the Income-tax Act, 1961.

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