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Lic survival benefit

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(Querist)
26 July 2014 What is the treatment of LIC Survival Benefit?
Whether it is deductible under sec. 80c or if exempt then under which sec.?
Waiting for a satisfying response.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
26 July 2014 Exempt u/s 10(10D) of Income Tax Act 1961.

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