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
Menu
LIC Maturity Income Taxable Ya Exempt
Replies (2)
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....
Not all policies are exempt under 10(10D).
please check in the maturity letter as well as ask insurance agent for this information.
Bcoz 50000 becoming 139600 in about 8 years indicate it's not regular policy.
please check in the maturity letter as well as ask insurance agent for this information.
Bcoz 50000 becoming 139600 in about 8 years indicate it's not regular policy.
Recent Topics :
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
Related Topics :
CAclubindia
