27 June 2009
If income arises from Annuity from LIC by retired person then it is taxable or not ? If annuity income arises from Employer by retired employee then it is taxableornot ?
27 June 2009
Annuity plan of LIC qualifies for deduction u/s 80CCC. Si, assessee claim deduction under said section, then it will be taxable otherwise not.
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