Whether survival benefit from lic

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SERVICE
44 Points Posted on 26 November 2012

Hi,

Whether survival benefit from LIC on traditional money back policy is taxable if received in F.Y. 12-13 ?

If yes, any specific rate applicable or to be added in GTI and slab rate is applicable.

Thanks

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On 26 November 2012 at 15:12 Report
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CA-FINAL
202 Points Posted on 26 November 2012

It is exempt u/s 10(10D)

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On 26 November 2012 at 19:05

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