Taxability of amount received under lic beema bachat plan
This query is : Resolved
Manu Aggarwal
(Querist)
19 July 2017
Hello all.. I bought a lic beema bachat plan.. under policy i receive 615000 as a survival benifits.. what will be the tax liabilty on those figure..
Sum assured:- 41 lacs
premium:- 32 lacs(one time paymen)
Sum assured:- 41 lacs
premium:- 32 lacs(one time paymen)
Amol S Joglekar
(Expert)
19 July 2017
any benefit from such plan is taxable.
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