Tax implication for partial withdrawl from lic
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2016
please tell me the tax implication for the partial withdrawls from LIC before the maturity.
Whether it is taxable or not? Please provide the related info in detail.
Whether it is taxable or not? Please provide the related info in detail.
15 June 2016
Its an exempt income u/s 10(10D) even if premature withdrawal is made.
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