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Sec. 10 10d

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(Querist)
18 November 2014 can anyone explain amendment in sec. 10(10d) with an example ? urgently
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 November 2014 The amount received on LIC polcy is exempt except
01. 80DD(3)or 80DDA(3)
02. Key man Insurance
03. one time premium kind of LIC policies where yearly premium is more than 10% of the Sum Assured.
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