Treatment of LIC matuirity at INCOME TAX RETURN FILING
This query is : Resolved
27 September 2021
I have paid Rs 5738/P.A. for 20 years against my LIC policy.
Now policy has been matured and I get Rs 1,99,000. (policy value is Rs 1 lakh).
Where to show the income at the time of Income tax Filing ?
Now policy has been matured and I get Rs 1,99,000. (policy value is Rs 1 lakh).
Where to show the income at the time of Income tax Filing ?
27 September 2021
'Schedule EI' ... exempt income... u/s. 10(10D)
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