Regarding process of filing

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jinesh (Querist)
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01 April 2012 hi
Dear Sir,

i want to know about how i can show the LIC maturity amount in ITR and under which head ? is it necessary for me to pay tax on LIC maturity amount? or how i can save tax on this? i have already claimed Premium under 80C. So this year how i can save this amount?

thanks for urgent reply.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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02 April 2012 Amount received on maturity of LIC policy is exempt u/s 10(10D). Accordingly you can show the amount under exempt income.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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10 April 2012 The experts have given you correct and to the point reply. Kindly do it as I also agree with them on this issues.

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