Exemption

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Neel Garg

Neel Garg (Querist)
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24 January 2015 peyment received at the time of maturity is exempt from income tax.... as per what section????

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 January 2015 Dear Neel you have not mentioned about the nature of payment. Please state the nature of investment which has matured.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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24 January 2015 There are several re-payments on account of maturity of Fixed Deposits, Maturity of LIC Policy, Maturity of Bonds, Maturity of Company deposits and so on. You are not clear about your question. Give specific requirement on which account you are interested in knowing the amount received on maturity