Lic maturity
This query is : Resolved
thotasrinivas
(Querist)
08 December 2015
when we paid LIC Premium Rs.1Lakh after maturity if we get 1.30 Lakh. how to call differece amount 30k??
09 December 2015
Amount received will not be taxable. It is exempted. Amount will be transferred to your capital account if you are maintaining accounts.
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