i want to know that if there is LIC maturity amount received after certain period of time then what to do with that LIC maturity amount U/s 10(10D) it is exempt but how we can claim under 80(C). please tell me how that figure shown in the return?
26 March 2012
There is nothing to do u/s 80C with LIC maturity amount. LIC premium paid is deductible u/s 80C from GTI and amount received on maturiy is exempt u/s 10(10D).
CAclubindia
