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Insurance maturity proceeds received
Sir. Any guidance note is available from our institute with regard to taxability of the above subject income when received.
Replies (3)
Quick Summary
Every policy has their own guidelines.
Refer Section 10(10D) income tax act and policy document
Refer Section 10(10D) income tax act and policy document
Not taxable.
Policy subscripttion document has the rules about taxability subject to conditions
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