If parents purchased an LIC Jeevan Akshay Annuity in the name of the non-dependent child and the child is receiving it in his account annually, is it taxable? And under what income head does it go in the ITR-3 form?
Can anyone please explain.
Menu
LIC Annuity Payment Taxable?
Replies (1)
Yes, it is taxable
Under Income from other sources
Under Income from other sources
Recent Threads
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
Related Threads
CAclubindia
