Hi Turbotax gurus,
I have LIC policies in India. This policy is active and premium is paid every year. The amount is received from LIC every four years. Link for policy details -
https://licindia.in/Products/Withdrawn-Plans/New-Bima-Gold.aspx
Is it taxable income?
My PPF matured in India after 15 years. I read in one of the community that it is not taxable. Is this understanding correct?
Please confirm. This response is required to file taxes ASAP.
Thanks,
Shashank
