| Question And Answer | |
|---|---|
| Subject: | exemption u/s 10(10D) |
| Category: | Income-Tax |
| Querist: | Krishna Jayeshbhai Karia |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Insurance premium |
| Date: | May 6, 2024 |
lets say mr x took a life insurance policy in 2009 whose capital sum assured on death was 500,000 and maturity value was rs 0 and maturity year was 2030 but he surrendered the policy in 2022 and got 7,84,460 and yearly premium he paid was 24,020 is the surrendered value taxable in IFOS or exempted u/s 10(10D)?
Reply of the Expert is awaited. Please check back later
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