Maturity of life insurance ...

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 April 2014 If assesse is resident and he has taken Life insurance from a foreign Insurance company at the time when he was NRI. Now he is resident and surrendered the policy. On surrender he gets surrender value in foreign currency.
Please suggest tax implication.
My opinion....it is non-taxable

16 April 2014 It will go to the Exempted income & not liable for Tax.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 April 2014 Thanks for your expert advise


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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Follow us


Answer Query