sum received from lic
This query is : Resolved
CA VIKASH AGARWAL
(Querist)
16 November 2009
i get rs 10000 from lic
its taxable or not
if it is exempt so it should be show in return or not
its taxable or not
if it is exempt so it should be show in return or not
16 November 2009
Exempted. Pl see section 10(10D) of the Income tax Act,1961 for details. Exempted income also should be disclosed in the income tax return.
CA Ravi Sisodia
(Expert)
16 November 2009
Agree
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