LIC Money Plus - is it L.T capital gain tax Chandresh, 09 Aug 2013

Sir i have invested Rs.10000 in LIC money plus during 2007 and sold all units of LIC money plus for Rs.35000 in 2012. surplus recd Rs.25000 - is it L.T. capital gains ?

Fintotal Answer

Under section 10(10D) of Income Tax, any income received from an insurance policy is exempt. So you do not have ay capital gains. Refer for detailed note.

No Comment Posted

All Insurance Queries

Get the all financial products under one roof only at

you will NEVER GO WRONG with us!

Unbiased . Best Deals . Appropriate Products . No Mis-selling