Wednesday, August 16, 2023

BANKING

The Indian Central Board of Direct Taxes (CBDT) has introduced a mechanism for calculating income from life insurance policies where the aggregate annual premium is over Rs 5 lakh. The taxation provision for the amount received on the death of an insured has not been changed and that continues to remain exempt from income tax.

from Banking/Finance-Industry-Economic Times https://ift.tt/gNKnD3o
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