IT Return - other income
This query is : Resolved
Quick Summary
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?
Dhirajlal Rambhia
(Expert)
04 July 2025
Yes, it would be tax exempt to beneficiary.
Dhirajlal Rambhia
(Expert)
04 July 2025
Yes. Correct, Schedule EI.
Dhirajlal Rambhia
(Expert)
26 September 2025
Good luck...
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