Tag Archives: Section 10(10D)

Exemption on maturity of life insurance policy allowed even if taken from foreign insurer

By | September 13, 2016

Held The ld AR has pointed out that the term ‘insurer’ has been used u/s 80C(xii). Therefore, the definition of Insurer, in our opinion, is not relevant in sec 10(10D) where no such condition has been specified; but the language of sec. 10(10D) is clear that any sum received under Life Insurance Policy. When there… Read More »