IT Return - other income
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04 July 2025
Hi
My husband passed away during the previous financial year, and I received an amount from LIC as his nominee. Should this be declared as tax-exempt income in my income tax return?
My husband passed away during the previous financial year, and I received an amount from LIC as his nominee. Should this be declared as tax-exempt income in my income tax return?
04 July 2025
Yes, it would be tax exempt to beneficiary.
04 July 2025
where do i show his in my IT return? under tax exempt?
04 July 2025
Yes. Correct, Schedule EI.
26 September 2025
Good luck...
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