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Lic policy matured .

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Praveenveldhi

Praveenveldhi (Querist)
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27 June 2013 Dear Expert ,

Whether the LIC Policy matured amount received is taxable when the premium amount paid in past towards for that LIC policy which is matured and got deducted u/s80C.

CA Navin Jain

CA Navin Jain (Expert)
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27 June 2013 all sum received is exempt.

Praveenveldhi

Praveenveldhi (Querist)
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27 June 2013 Sir
Can we claim the LIC policy amount received for exemption in case the LIC premium amount not covered under 80C because of limit was crossed.

CA Navin Jain

CA Navin Jain (Expert)
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27 June 2013 YES YOUR ALL AMOUNT RECEIVED IS EXEMPT.

Praveenveldhi

Praveenveldhi (Querist)
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29 June 2013 Thank you sir.....

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