Tax consequence dor SBI Platina policy
This query is : Resolved
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
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