Section 10(10d)
This query is : Resolved
23 December 2015
life insurance policy,
sum assured :707000,
premium installment:101000,
which amount is exempt on maturity u/s 10 (10D)
24 December 2015
dear
10 (10D)- says the amount which you received on maturity will be exempt...
while 101000 is premium... hope you can understood what will be the maturity value..?? i.e. 707000
10 (10D)- says the amount which you received on maturity will be exempt...
while 101000 is premium... hope you can understood what will be the maturity value..?? i.e. 707000
24 December 2015
Sir,
on maturity assume received 807000 than which amount exempt.
24 December 2015
807000
whatever maturity will you received, that will be exempt u/s. 10(10D)
whatever maturity will you received, that will be exempt u/s. 10(10D)
24 December 2015
Premium is greater than 10% of sum assured,
so as per u/s 10 (10D ) is claim able.
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