Lic pension plan.......

dear colleagues
gud mrng
ek client hai jinhone 30lac ka lic jeevan sathi plan apni mother k liye last year le rkha hai... ab unki mother ko per year 215000/- annuity/pension received hoti hai... toh ye 215000/- kha show kru? or ye taxable hai bhi ya nhi?? or hai toh kis head me hai? mene abhi income from other sources head me show kr rkha hai....


regards,
Replies (4)
Quick Summary
This discussion clarifies the tax treatment of annuity payments received from an LIC Jeevan Saathi plan. The consensus is that the annual pension received is taxable. It should be declared under the 'Income from Other Sources' head in your tax return.

It is taxable......head income from other sourse
Show under income from other sources
Ok thank you so much
Your welcome

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