Taxability of amount received from LIC on maturity of key man ...

Keyman Insurance Policy Maturity Proceeds Taxable; Conversion to Ordinary Policy Also Taxable Says LIC.

February 18, 2015

Case Laws Income Tax AT

Taxability of amount received from LIC on maturity of key man insurance policies - Insurance company has itself clarified that on assignment, it does not remain a keyman policy and gets converted into an ordinary policy - advantage drawn therefrom is taxable in the hands of assessee - AT

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Taxability of amount received from LIC on maturity of key man ...

Keyman Insurance Policy Maturity Proceeds Taxable; Conversion to Ordinary Policy Also Taxable Says LIC.

February 18, 2015

Case Laws Income Tax AT

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