Surrender value of lic policy is taxable??
This query is : Resolved
vivek gupta
(Querist)
16 June 2013
i want to know whether surrender value of lic policies is taxable or not..if yes then under which head...plz give me such section's reference.
CMA Ramesh Krishnan
(Expert)
18 June 2013
Amount received from insurance policy is not taxable
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