Section 10(10d) - life insurance maturity receipt (income ta
This query is : Resolved
26 July 2011
Sirs,
Section 10(10D) - Life insurance maturity Receipt (Income Tax)
1. Is the benefit under this section the NO CALCULATION OF CAPITAL GAIN TAX?
2. I have heard that the money paid by the person opting for it + the returns received from it both are Taxable. m Can someone give me a reply to these queries in yes and no?
Reply at suresh_o_chotrani@yahoo.com
Suresh
Section 10(10D) - Life insurance maturity Receipt (Income Tax)
1. Is the benefit under this section the NO CALCULATION OF CAPITAL GAIN TAX?
2. I have heard that the money paid by the person opting for it + the returns received from it both are Taxable. m Can someone give me a reply to these queries in yes and no?
Reply at suresh_o_chotrani@yahoo.com
Suresh
CA Navin Jain
(Expert)
26 July 2011
Section 10(10D) - Life insurance maturity Receipt (Income Tax)
. Life insurance maturity Receipt IS NOT TAXABLE
. Life insurance maturity Receipt IS NOT TAXABLE
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