requirement for LIC claim

This query is : Resolved

vikas (Querist)
Follow

16 May 2008 sir ,Till date I havent filed any return but I have PAN card .In this i have got LIC claim amount on the policy of my father

I m a CA student & getting a stipend of Rs.4000pm also.
1. please tell me at what time i am required to file return regarding this amount(lic claim)?
2.if i file return ,am i required to file return every year? and
3.is this return goin to create any trouble for me ?

Jaina Shah

Jaina Shah (Expert)
Follow

22 May 2008 1)What is the claim amt that u have recd
2)The claim amt u have recd is treated as capital income and u need not file return for this income

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok