Taxability of receipts from Life Insurance Policy (Sec. 10(10D)
1. Applicability: All Individuals 2. Exemptions: Any sum received under Life Insurance Policy, including sum allocated by way of bonus, is fully exempt except the following- Any sum received from policy u/s 80DD or u/s 80DDA, Any sum received under Keyman Insurance policy, or Any sum received under an Insurance policy, except on death, issued […]
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