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
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.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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