Simplified Laws Guide to Taxation and Legal Concern Mr Akasha purchased a Life Insurance policy for Rs.5 Crores with an annual premium of Rs.50 Lakhs. After ten years, in 2033, he will get a maturity value of Rs.11 Crores. What is the taxation on the gain of Rs.6 Crore in the hands of Akasha? If the Insurance policy …
Read More »Budget 2023-Impact 4: Tax on the amount received on maturity of Life Insurance Policies
