. . Whether Installment Received Of Money Back Policy Is Liable To Tax? – Tax Questions and Answers

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Whether Installment Received Of Money Back Policy Is Liable To Tax?

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One response to “Whether Installment Received Of Money Back Policy Is Liable To Tax?”

  1. Rajeeb Avatar
    Rajeeb

    Dear Mr. Motiwalla,

    Thanks for a clear explanation of the provision in regard to taxability of Survival benefits under LIC.

    May I request you to throw some light on how to disclose this in ITR? Secondly, is it right on part of LIC to show the whole proceeds paid instead of only the income from the policy in 26 AS?

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