In ITR ? 1, where should I show LIC maturity amount

[samkapoor77]

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.

[samkapoor77]

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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