What about TAX implications in case of Income 4m LIC POLICY MATURITY.
What about TAX implications in case of Income 4m LIC POLICY MATURITY.
Proceeds received from Maturity of a LIC policy is totally exempt from tax. Only Keyman Insurance policy & a policy on which 20% of total sum assurred paid in one year are taxable.
sud
www.edusys.co.in
Fully Exempt u/s.10(10D).
Hi,
I heard somewhere that due date for filing Income tax is 31 st july 2008 for every kind of employees . Is it correct?
V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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