LIC Annunity
This query is : Resolved
15 July 2010
Yes it is exempt
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15 July 2010
Some LIC plans like Jeevan Dhara, Jeevan Akshay and Jeevan Suraksha offer immediate or deferred pension for life.
The annuity received is thus fully taxable in the hands of the individual or the legal heirs.
The annuity received is thus fully taxable in the hands of the individual or the legal heirs.
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