I have taken a LIC Policy (Jeevan Sathi) 20 years ago. Now this policy is going to end and I am going to receive policy money.
Will that amount be taxable?
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Income from LIC policy - Taxable?
Replies (5)
no dear it will not taxable....
As per Sec. 10(10D) ----------any receipts under LIC policy including bonus is exempt....
| Originally posted by : Knowledge Zone | ||
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As per Sec. 10(10D) ----------any receipts under LIC policy including bonus is exempt.... |
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agreed..
agree with mr karan and pankaj
Exempt.
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