The single payment of LIC Rs.25,00,000 made by parents in the name of Mr. A when he was minor , when the policy amount Recieved after maturity MR. A is major .
In whose hands the matured policy amount is taxable?
and what is its tax implication?
The single payment of LIC Rs.25,00,000 made by parents in the name of Mr. A when he was minor , when the policy amount Recieved after maturity MR. A is major .
In whose hands the matured policy amount is taxable?
and what is its tax implication?
before 1.4.2012
it is commenced on 2004
can i just know whose hand it is taxable either major or their parents
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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