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LIC Maturity Proceeds
Whether the Maturity Proceeds Received after deduction of loan amount taken against LIC policy to be shown as Maturity Proceeds u/s 10 (10d) or gross amount before deduction of loan.
Replies (4)
No after loan deducted that amount should be shown
Sir whether gross amount or net amount
Net amount
Gross amount of maturity is exempt U/S 10(10D), show accordingly.
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