Question ID :
39304
TAXABILITY OF SBI LIFE INSURANCE ON MATURITY
What will be tax treatment of amount received on Maturity under life insurance.
Section 10(10D) start with the word "Any sum received including bonus............." Meaning thereby what ever amount received including the premium paid by insurer is taxable.
Please provide the answer in detail.
posted by
SUMANT CHOUBEY
on
Jul 24 2019 12:00AM