Characterization of receipts - exemption u/s 10(10D) - Amount ...

Case Laws Income Tax

August 19, 2023

Characterization of receipts - exemption u/s 10(10D) - Amount received on redemption/maturity of unit linked insurance scheme - it can be construed the receipt fell under the head “capital gains” but not under “income from other sources”. We therefore, direct the AO to allow indexation and tax the amount under the head “capital gains”. - AT

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Characterization of receipts - exemption u/s 10(10D) - Amount ...

Case Laws Income Tax

August 19, 2023

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