Hi
Any one pls Tell me the tax treatment for LIC receivced on Maturity. Is it Excempted or not??
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LIC Received on Maturity
Replies (1)
The amount will be fully exempted but read the bond carefully which you received at the time of buying of LIC. In case of ULIP Plan and if there will arise any gain on ULIP Plan then they may calculate the STCG and LTCG too and deducted the TDS thereon.
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