Please Help: Insurance Claim
Posted Date : 29-Jun-2012 , 08:05:40 pm | Posted By Krishna Chandra Santi
Insurance claims received is taxable under the head of income from other sources, or it is exempted from taxation?
Category : Income Tax | Answers : 2 | Comments : 1 | Hits : 179
Answers
Answer By: Rishabh Upadhyay
Claim from LIC is exempted from tax under EEE scheme, Claim of Medical Insurance is also exempt as per my knowledge
Answer By: Vikash Kumar Jha
It will not taxable
Comments
Krishna Chandra Santi
29-Jun-2012 , 08:33:05 pmClaim received by an individual