LIC maturity amount filing missed

I had LIC maturity amount of 10 Lakh ₹ credited in 2021 which is tax free as per rules as premium was less than 10% of sum assured

And that's why TDS also not deducted 

My normal income was 3 lakh and it was filled but this amount not entered in exemption column

I have all LIC receipt and documents 

So what should I do?

Will it cause any issues in future to me?

Replies (3)
Quick Summary
The user missed declaring a tax-free LIC maturity amount of ₹10 Lakh in their 2021 tax filing. Although the amount was exempt under Section 10(10D) of the IT Act, it was not entered in the exemption column. They are seeking advice on whether this oversight will cause future problems and how to rectify it.

No issue. By chance of any query, you can justify that it was tax exempt u/s. 10(10D) IT act.

Okay Thank you sir 🙏🏻

You are welcome.        

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details