INCOME TAX DEPARTMENT SENT ME NOTICE FOR FY 13.14 YEAR I RECIVED SOME LIC SURENDER AMOUNT BUT INCOME TAX DEPARTMENT TOLD ME FILE THE TAX AMOUNT ON WHICH IS YOU GET FROM LIC DEPARTMENT BUT IT IS EXEMPT IN 10 10D
WHT IS SOLUTION.
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LIC SURRENDER VALUE EXEMPT
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Whether any TDS was deducted?
If yes, you will have to check properly about its exemption !!
under sec 1010d of income tax there is exetion for matured amount of LIC and not for surender amount .
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