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Taxability of amount received under lic beema bachat plan

This query is : Resolved 

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)

19 July 2017 any benefit from such plan is taxable.



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