In India, a person paying income tax. unexpectedly his wife dies and the person receiving claims.?



the death claims from various insurance companies like LIC, Mutual funds etc.,Now whether the receipts attract tax as a income or not and how to manage the same. Also the mutual fund SIP plan also getting transferred what advice pl.

In India, a person paying income tax. unexpectedly his wife dies and the person receiving claims.?
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One Reply to “In India, a person paying income tax. unexpectedly his wife dies and the person receiving claims.?”

  1. Amount received as benefit from a life insurance policy, including bonus payment, is not included in total income.

    LTCGs from equity based MFs are tax free.

    HMT





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