Need A Financial Product Forums Tax Savings In ITR ? 1, where should I show LIC maturity amount

This topic contains 1 reply, has 2 voices, and was last updated by  Sadanand Kadam 3 years, 4 months ago.

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    I had 2 LIC policies which have matured recently and I have received money back on them. Now, I am getting confused as to where to show them while preparing ITR ? 1. Please help me on this. Also tell me, whether the amount received from these policies is tax free or not.


    You will have to show this amount as an exempted income. As the amount has been received as money back, it is tax free in your hands.

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