treatment of maturity fi IP
This query is : Resolved
24 June 2010
hi
what will be treatment of life insurance policy at the time of maturity. when we will get lump-sump amount is it taxable or not....
what will be treatment of life insurance policy at the time of maturity. when we will get lump-sump amount is it taxable or not....
24 June 2010
Pl check section 10(10D) of the Income tax Act,1961 and see whether your case fits into that . If so, the referred amount is tax free.
26 June 2010
thank you sir.........
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