taxability of maturity amount of ICICI Life insurance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2010
Hello Sir
Please let me know the tax treatment of maturity amount of ICICI life insurance prudential policy.
thanks in advance.
Please let me know the tax treatment of maturity amount of ICICI life insurance prudential policy.
thanks in advance.
CA Gangadhar Mishra
(Expert)
03 July 2010
Exempted U/S 10 of the I T Act.
Aditya Maheshwari
(Expert)
03 July 2010
Amount received on maturity of life insurance policy is exempt u/s 10(10D)
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