LIC maturity amount
This query is : Resolved
22 July 2011
Is there any exemptions or deductions available for LIC maturity amount received for filing Income tax return for individual for the assessment year 2011-12 ?
22 July 2011
LIC refund is exempted from tax. If you have any other income then you should file the return otherwise if income is below taxable limit you need not file the return.
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