LIC maturity amount received under income from other sources or LTCG?
This query is : Resolved
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17 August 2021
Received amount on maturity of LIC. This is to be considered as income from other sources or should be indexed and considered as capital gain. LIC held for more than 36 months.
17 August 2021
Consider it under income from other sources.
18 August 2021
can indexation be done and receipts be considered as capital gain.
18 August 2021
No, it will not fall under capital gains.
18 August 2021
THANK YOU SO MUCH SIR !!
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