Dear Friends,
If HDFC life insurance amount withdrawn fully, it is 7 lacs. Will it be taxable income? If not reinvested.
If same amount reinvested in Bank FD’s – then what? Will it be taxable??
Please guide.
How much will be the tax in both cases?
Menu
HDFC Life Principal withdrawal - Taxable or not?
Replies (1)
The principal amount withdrawn is exempt.
The amount if reinvested in bank FD, then the interest on bank FD will be taxable at normal slab rate.
Recent Topics :
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
Related Topics :
CAclubindia
