Which of the life insurance policies would be exempt at the time of maturity proceeds?

CA Intermediate · Taxation · RTP · September 2025
Which of the life insurance policies would be exempt at the time of maturity proceeds?
(A) LIC "B", "C" and "D"
(B) None
(C) LIC "C" and "D"
(D) All

Suggested Answer and Working Notes:

Correct Answer: Option (C)

LIC "C" and "D"

Topics: Paper 3A: Income Tax Laws

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