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lic maturity proceeds
is LIC maturity policy Proceeds amount will be taxable or not ??
Replies (2)
Sec10(10D) Exemption on maturity proceeds of life insurance premium:-
If the premium paid on that policy doesn't exceed of 10 per cent of the sum assured(mininmum amount at the completion of policy)amount of life insurance, then only whole proceeds from matured amount is exempt.
so analyse your data with aforesaid provision
If the premium paid on that policy doesn't exceed of 10 per cent of the sum assured(mininmum amount at the completion of policy)amount of life insurance, then only whole proceeds from matured amount is exempt.
so analyse your data with aforesaid provision
Yes... I agreed to Mr Surbhi...
Also check some of the LIC policies are Taxable...
Also check some of the LIC policies are Taxable...
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