LIC MATURITY PAYMENT 10(10)D

Tax planning 893 views 2 replies

HI FRIENDS

KINDLY LET ME KNOW

1. WHETHER PAYMENT RECEIVED FROM LIC (BIMA PLUS) ON MATURITY OR BEFORE MATURITY BUT AFTER LOCK IN PERIOD IS EXEMPTED OR NOT.

SHOULD BE EXEMPTED US 10 (10) D

SOME CONTROVERSY EXISTING KINDLY CLARIFY

 

THANKS

REGARDS

 

REENA JAIN

Replies (2)

They will consider your capital gain whether short term or long term. I think so they will deduct your tax.

Before posting the forum here, you should read the bond which you had got at the time of getting this policy from LIC side. You will get it resolved yourself.


CCI Pro

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