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lic policy

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(Querist)
08 October 2009 My question is that:

1. if any individual recived any amount by the way of maturity of LIC policy what should be the treatment?
a) is it taxable?
b) or it is going to be expempt income?


2. what should be the TDS rates for Nov. 09 exams. is it new one that applicable from 1st oct. or the old one??



Thanks
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Rajeev

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Rajeev (Expert)
09 October 2009 exempt u/s 10(10D)

not aware about exams -sorry
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Deepak Goel

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Deepak Goel (Expert)
10 October 2009 amount received on maturity of LIC is exempt
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MAHENDRA KUMAR BAGRECHA

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MAHENDRA KUMAR BAGRECHA (Expert)
10 October 2009 It is exempted u/s 10(10D) of IT Act,1961
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