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Tax consequence dor SBI Platina policy


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?



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