Sir, My LIC Policy Matured in March 2015 after 20 years, i want to know that the maturity amount is taxable or not? pls also suggest how to show it in my income tax return.
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Lic maturity amount taxable or not
Replies (2)
Dear friend it's not taxable. It's an exempt. You can show in exempt income heading in ITR
Plese to check your LIC Policy Plan,
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