We are happy to inform you that the Survival Benefit amount of ₹45,070 / for your above mentioned policy has been paid through NEFT / IMPS
Sir is this pay out is taxable as other income receipt under Sec 56 or an exemption being Capital receipt on Life insurance policy
Menu
Money back policy Survival benefit credit
Replies (5)
Quick Summary
It is exempt u/s. 10(10D), provided the policy satisfied the conditions as per the subsection.
Thanks for the clarification. It was needed much for filing Return without a single doubt..
To confirm, whether any TDS was deducted?
No TDS on money credited
Correct. It is exempt.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
