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LIC maturity amount filing missed

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Kumar Thakkar

97 Points Posted on 16 August 2025

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.