If insurance benefit is issued in lieu of any capital loss occurred earlier, no need to add; it is capital receipt.
Maturity amount taxable if not exempted u/s. 10(10D).
But here you may calculate only gains over & above premium paid, and offer to tax. (Sitharaman Mam has offered the option in this budget)
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
R P S K & Associates
Nashik
CA Inter
View Details
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
Karia Overseas
Ahmedabad
CA
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
CAclubindia
