Tax consequence dor SBI Platina policy
19 January 2020 One of my clients has invested in SBI Platina policy, Annual premium is Rs 1 Lakh which is Deductible U/s 80C. At the time of the year of maturity, he will get 13.44 Lakhs. SBI claimed that it is covered under 10(10B) and therefore it will be a tax free income. So after receiving the Maturity amount, how shall I show the income in ITR?
26 May 2020 As it is a Tax Free on maturity no need to show in ITR