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(Querist)
29 June 2016 is LIC maturity amount taxable??? if policy is taken before 1/4/2003
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Rupesh Jain

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Rupesh Jain (Expert)
29 June 2016 no its not taxable, its change for tds as per section 194DA if your amount recd is exceds Rs 1 lacs then 1% tds will be deducted.
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