I have purchase SBI life classic assure policy and paid 5 premium of Rs 49401 each i.e. Rs 247005. After 5 year I got Rs 204000.00 after deducting 10% income tax . i want to know whether this will be taxable and add my income as return is less than investment . if yes/ not in which section i show in the Saral-1 of Income tax . Please guide me .
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Taxibility of insurance return
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Proceeds from life insurance maturity to be shown under exempt income
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