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amount received from lic
by rohit khetpalia on Jul 15, 2007 03:46 PM

i had given a loan of 2,00,000 to one of my friend few yrs back. as he was not able to repay me the loan,he assigned his life insurance policy in my name. now the policy is getting matured and i will be receiving around 6 lakhs.. what will be the tax treatment

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All these incomes are tax-free