Taxable or exempt

Life Insurance amount received is fully exempt u/s 10(10D) of the I-T Act.

the provision of the said section states as follows:

any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy,

Thanks Giridhar

But it is received before maturity ,so in this situation this amount is taxable or not?

I don't think so it will be taxable, as the section states that 'Any sums received'.

Originally posted by : Giridhar S Karandikar
	I don't think so it will be taxable, as the section states that 'Any sums received'.

Agree