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LIC POLICY MATURITY INCOME

Tax queries 2700 views 3 replies

What about TAX implications in case of Income 4m LIC POLICY MATURITY.

 

Replies (3)

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?


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