https://www.taxtmi.com/acts?id=41898 Taxable income from amounts received under a life insurance policy is computed by netting the sums received in the relevant previous year against the aggregate premiums paid during the policy term up to that date that have not been claimed as deductions or previously accounted for; first receipts and subsequent receipts are treated separately, and receipts under unit linked policies and certain other specified amounts are excluded. en-us Thu, 17 Aug 2023 13:22:36 +0530 Thu, 17 Aug 2023 13:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41898 Taxable income from amounts received under a life insurance policy is computed by netting the sums received in the relevant previous year against the aggregate premiums paid during the policy term up to that date that have not been claimed as deductions or previously accounted for; first receipts and subsequent receipts are treated separately, and receipts under unit linked policies and certain other specified amounts are excluded. Act-Rules Income Tax Thu, 17 Aug 2023 13:22:36 +0530 https://www.taxtmi.com/acts?id=41898