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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

After assignment of the policy in favour of the assessee, it ...

Income Tax

January 6, 2014

After assignment of the policy in favour of the assessee, it changes its character from that of a Keyman Insurance Policy to that of an ordinary policy and that once it has become an ordinary policy, the proceeds received thereunder would not be subject to tax in view of Section 10(10D) - AT

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