Whether LIC maturity amount taxable or not
sambhaji shatawaji (28 Points)
21 August 2019
On death of husband nominee received maturity amount of LIC is taxable or not
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195613 Points)
Replied 21 August 2019
Not Taxable. Exempt u/s. 10(10D) of the act.
Manikanta juluri
(Student)
(252 Points)
Replied 21 August 2019
Maturity amount of LIC on death is exempt u/s 10(10D).
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