Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 21 March 2014
Saurabh Anokhchand Jain
(Chartered Accountant)
(1043 Points)
Replied 21 March 2014
The maturity proceeds received by you are exempt under Section 10(10D) and should be shown under exempt income.
Hemang
(Sr. Supervisor)
(69 Points)
Replied 21 March 2014
should this add in Total income & then to deduct under s.10D ?
Suresh Kumar
( )
(60 Points)
Replied 21 March 2014
CS Abhijeet soni Advocate
(CS LLB MCOM MBA (FINANCE) MPHIL CA INTER PGDCA PGDA&PR )
(931 Points)
Replied 22 March 2014
this amount exempted under section 10 (10d but u should show this amount in itr
CA. ASHWANI MAURYA
(CHARTERED ACCOUNTANT)
(82 Points)
Replied 22 March 2014
Surabh Goyal
(Software Engg)
(42 Points)
Replied 23 July 2015
Section 10(10D) is not in ITR1 (2015-16) . now who I show Income from LIC money back that received after 4 year of policy?
CS Abhijeet soni Advocate
(CS LLB MCOM MBA (FINANCE) MPHIL CA INTER PGDCA PGDA&PR )
(931 Points)
Replied 23 July 2015
THERE IS COLOUM OF EXEMPTED INCOME SO YOU FILL THERE
Surabh Goyal
(Software Engg)
(42 Points)
Replied 23 July 2015
What happen if I forgot to show Income from LIC :-
Is there any penality or I need to re-submit my ITR-1?
Is that amount I will show in my NO-1 Income if I forgot to show under my EXEMPTED Income?
CS Abhijeet soni Advocate
(CS LLB MCOM MBA (FINANCE) MPHIL CA INTER PGDCA PGDA&PR )
(931 Points)
Replied 24 July 2015
its depends on amount . and acutully if forgetted then revised your return
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