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premature LIC and FDR
if a person started LiC and FDR but due to money problem he withdraw amount form LIC and FDR before complication of term, then these amonut is taxable or not, if taxable then mentioned in other sources head. any rabate is exist.
Replies (2)
LIC if pre-matured before 5 years then amount received is taxable
FDR pre-matured - whatever interest portion received is taxable.
FDR pre-matured - whatever interest portion received is taxable.
thanks sir j
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