Hi sir,
1. Can anyone help me when Lic claim received by the legel heir whether it is taxable or not when person died ?
2. What will be taxed on the total maturity value of the policy?
Menu
Lic claim
Replies (2)
any money recvd by legal heir on death of a person is not taxable..
Lic claim recieved on the death of person by his/her family is no taxable.
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
