TAXABILITY ON CLAIM OF TERM INSURANCE
This query is : Resolved
13 October 2021
sir/ Madam,
What is the tax treatment on death claim received from term insurance.???
Please guide me
What is the tax treatment on death claim received from term insurance.???
Please guide me
13 October 2021
As a norm, when the beneficiary receives the death benefit under a life insurance policy, they are not supposed to pay any tax on this amount.
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