Lic interest

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2015 Dear all
plz let me know interest received by lic is taxable or not

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

20 March 2015 yes it is taxable as income from other sources.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

20 March 2015 tushar ji are you sure ????

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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)

CA AnKiT BoHrA (AB) (Expert)
Follow

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..

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

20 March 2015 NO NEED to be sorry.....we all are humans and mistakes are part of our life..

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now