Which of the following amount received on life insurance policy is exempt u/s 10(10D)
A. Amount received under section 80DD(3)
B. Keyman insurance policy
C. Any sum received on the death of a person from any other policy.
D. Received from policy issued on 15.9.2012, on maturity, and premium paid was 18% of the sum assured.
Answer:C
Which of the following amount received on life insurance policy is exempt u/s 10(10D)
A. Amount received under section 80DD(3) B. Keyman insurance policy C. Any sum received on the death of a person from any other policy. D. Received from policy issued on 15.9.2012, on maturity, and premium paid was 18% of the sum assured.