income tax


This query is : Resolved 

(Querist)
11 February 2008 whether matured amount of lic is taxable

11 February 2008 matured amount of lic is not taxable
u/s 10(10DD)

Garima (Expert)
12 February 2008 Amount received on matuarity of Life Insurane is not taxable.
Added to the capital of the investor.


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