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lic mature amt
LIC mature amount lible for tax ?
Replies (2)
Prima facie, yes if TDS deducted......
As for maturity amount which is tax-exempt u/s. 10(10D), TDS u/s. 194DA is not deducted. (unless maturity amount is below Rs.1 lakh)
Any maturity amount received on LIC shall be exempt from tax.
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