Notification on guidelines under clause (10D) of section 10 of the Income Tax Act, 1961 (dated 16/08/2023) – CBDT

  • 18th, August 2023
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– Notification on guidelines under clause (10D) of section 10 of the Income Tax Act, 1961 (dated 16/08/2023) – CBDT.

  • It provides the income tax exemption on any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy subject to certain exclusions. Please refer notification for more details.
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