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insurance policy
income received after complication of insurance policy, this fall under income from other sourses
Replies (7)
are you asking or saying. m little bit confused
oh sorry, I am confused for this question
what is your question?
my question is when my insurance policy completed and their total amount received from the insurance company then in which head I mention above said amount?
Please refer section 10(10D). It is exempt subject to some conditions..
Amount received on maturity on Insurace policy is exempted u/s 10(10)D subject to certain conditions. Kindly refer the section for more clarity.
OK, thanks a lot
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