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Taxability of lic receipts

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2011 Is Monthly receipt from LIC taxable in the hands of the senior citizen??
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CA. Lohith Jagadeesh

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CA. Lohith Jagadeesh (Expert)
23 April 2011 Hi,

Can you please be a bit more specific about the Nature of Policy & the amount of Monthly Receipts?????

Thank you,

CA. Lohith.J

B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons;

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