MATURITY AMT. OF LIC POLICY
This query is : Resolved
24 December 2010
I HAD TAKEN AN LIC POLICY IN 1995 AND IT HAS GOT MATURED IN 2010, SO, WILL THERE BE ANY TAX ON THE MATURITY AMT. THAT I HAVE RECEIVED IN 2010?????
WILL THERE BE ANY DIFFERENCE AFTER DTC INTRODUCTION IN THIS TREATMENT??
WILL THERE BE ANY DIFFERENCE AFTER DTC INTRODUCTION IN THIS TREATMENT??
25 December 2010
Maturity proceeds including bonus are exempt U/s 10(10D).
Let DTC come then only the position will be clear. It depends upon the fact that from when the EET(Exempt Exempt Tax) Model is made effective from.
Let DTC come then only the position will be clear. It depends upon the fact that from when the EET(Exempt Exempt Tax) Model is made effective from.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Tds on commission charges
- Minimum tax payable to file Updated return
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- Renovation exp. in flat by family member
- UDIN ISSUE
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
