taxation
This query is : Resolved
17 June 2010
Sir,
Are income from under-mentioned heads taxable.
1. Maturity of PPF.
2. Money back from Money back policy of LIC.
3. Maturity income from IDBI/ICICI bonds with TDS.
If not then do i need to show it in my income tax return and how.
R.K. Misra
Are income from under-mentioned heads taxable.
1. Maturity of PPF.
2. Money back from Money back policy of LIC.
3. Maturity income from IDBI/ICICI bonds with TDS.
If not then do i need to show it in my income tax return and how.
R.K. Misra
Aditya Maheshwari
(Expert)
17 June 2010
1. Principal amount received back Exempt. Interest exempt u/s 10(11)
2. Exempt u/s 10(10D)
3. Principal amount exempt. Interest amount only taxable.
Only PPF interest and amount received from LIC needs to shown in the exempt column of the ITR
2. Exempt u/s 10(10D)
3. Principal amount exempt. Interest amount only taxable.
Only PPF interest and amount received from LIC needs to shown in the exempt column of the ITR
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