ARMY GROUP INSURANCE FUNDS

What is a tax treatment for Amount recieved by a person as ARMY GROUP INSURANCE FUND?
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Quick Summary
This discussion clarifies the tax treatment for amounts received from an Army Group Insurance Fund. It suggests checking the policy document to determine if contributions are eligible for deduction under Section 10(10D) of the Income Tax Act, which would make the received amount exempt from tax.

If deductions eligible u/s. 10(10D) of IT act, then it would be exempt; so check the policy document,

whether contribution to army group insurance fund is eligible for deduction

 

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