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?
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.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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