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.
CA AnKiT BoHrA (AB)
(Expert)
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 .?
CA AnKiT BoHrA (AB)
(Expert)
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..
CA AnKiT BoHrA (AB)
(Expert)
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
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