Lic interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2015
Dear all
plz let me know interest received by lic is taxable or not
plz let me know interest received by lic is taxable or not
20 March 2015
yes it is taxable as income from other sources.
20 March 2015
tushar ji are you sure ????
20 March 2015
the main business of lic is not of lending and taking money so its surely not business income and only head applicable for intrest income to lic is income from other sources...wat is to be doubted .?
20 March 2015
i think the aim of querriest is to ask interest received from lic ... so he wrote by lic... anywz m sorry if m wrong...
plz querries clarify your question..
plz querries clarify your question..
20 March 2015
NO NEED to be sorry.....we all are humans and mistakes are part of our life..
20 March 2015
i hadnt done any mistake till the querriest confirm... its just abt the interpretation of the question.. u take it word wise i took it practically...
anywz no issues buddy
anywz no issues buddy
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Taxation on LTCG for property sold after 24JUL2024
- STCG FOR GOLD ETFs
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST ON DAMAGED GOODS
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
