what are the tax implications of the pension received after the deferment period ; for example when a person purchases 1 Cr policy what will me the tax on the pension received after the deferment period of 10 to 12 years of LIC jeevan Shanti plan
Hello Dear , Thanks for sharing educational Videos. I bought Max life Life Gain 20 policy .Its was Participating policy in 2013 and made investment of 1.5 Lakh in 6 years . In 2023 , I surrender the policy with loss of 25K . Can i book loss of 25K ? In which head of Income Tax I can file losses . Thanks .
Thanks for detailed explanation. But what about taxability of money back amount received during the policy term i.e. before maturity at intervals of every 5 year
sir i received Rs.27876 for fy 22-23 and the sum assured was 300000/- and the annual premium amount was RS.6514/- . Pls tell what is the tax treatment in itr filing ? pls reply asap.
Sir First financial year me 5lack single primium lic liya Next Financial year me Phir 5lack ka single premium liya Aur Next Phir Financial year me 5lack ka single primium liya 3Alag Alag financial year me 5-5Lack ka Single primium liya Kya Isme Bhi Maturity Tax Lagega Sir Please Reply
No if prem is below 5 laKh for conventional plans n 2.5 lakh in case of ulip n risk cover is 10 times of prem.vaise bhi Maturity yr will be different na
Survival benefit pe kya concept hai income tax mein
Nice illustration for Tax on life insurance policy 👌
To sir LIC ki maturity rashi gross income me add hoti hai.
Many thanks sir
Thanks sir. Boht achaa samjhaya aapne.
Thank You sir ji 🙏
what are the tax implications of the pension received after the deferment period ; for example when a person purchases 1 Cr policy what will me the tax on the pension received after the deferment period of 10 to 12 years of LIC jeevan Shanti plan
Thans so much sir
Very well explained.
Hello Dear , Thanks for sharing educational Videos.
I bought Max life Life Gain 20 policy .Its was Participating policy in 2013 and made investment of 1.5 Lakh in 6 years . In 2023 , I surrender the policy with loss of 25K . Can i book loss of 25K ? In which head of Income Tax I can file losses . Thanks .
Thanks for detailed explanation. But what about taxability of money back amount received during the policy term i.e. before maturity at intervals of every 5 year
Taxfree
Nicely explained..
Hello sir .. please upload a detailed video about 194R and 194S
Awesome 👏 🔥 🔥
Single premium LIC maturity mein tax kinta dena parega?
sir i received Rs.27876 for fy 22-23 and the sum assured was 300000/- and the annual premium amount was RS.6514/- . Pls tell what is the tax treatment in itr filing ? pls reply asap.
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Sir First financial year me 5lack single primium lic liya Next Financial year me Phir 5lack ka single premium liya Aur Next Phir Financial year me 5lack ka single primium liya 3Alag Alag financial year me 5-5Lack ka Single primium liya Kya Isme Bhi Maturity Tax Lagega Sir Please Reply
No if prem is below 5 laKh for conventional plans n 2.5 lakh in case of ulip n risk cover is 10 times of prem.vaise bhi Maturity yr will be different na