Relaxation on income from LIC

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Gaurav Gupta (Querist)
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03 January 2017 I have received payment from LIC for a investment policy for which I was paying premium every year. This payment cane in 2015-16.And I am submitted ITR foe this year already but did not declare this income.Is there any way I can amend this now .

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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03 January 2017 LIC policy maturity is exempted income. If you not disclose not make any difference , but you keep record or advice received from lic.

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Gaurav Gupta

Gaurav Gupta (Querist)
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03 January 2017 but if I don't declare it , won't it be called black money which is nowhere disclosed.Though payment was through cheque to me.