banner_ad

Long term capital gain

This query is : Resolved 

14 July 2012 I had invested Rs.5000/- each in Jeevan Plus & Market Plus plan of LIC since 2006 to 2011 (5-years) and took benefit of deduction u/s-80C every year to the extent of 10,000/-. Now, in Mar-12 I have redeemed the units of the above policies and earned profit of Rs.22000/-. LIC has not shown any STT in the statement (that means that they have not charged?). But, my total income (including above 22,000/-) is below the taxable limit. Whether I have to pay any cap.gain tax or I.T. on it? Please advice.
Thanks.

14 July 2012 pls show full particulars in detail........


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details