dear expert
pls suggest me
mere client ne 2010 Mai LIC li thi jiska single premium 50000rs deposit Kiya tha ab last year uski Maturity 139600 received hui hai to ye income taxable hai ya exempt hai
Depends upon 'Assured Value' of the policy......... How much was that?
As a thumb rule, if any TDS deducted on maturity? If yes, it is taxable....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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