Where in ITR-1 do we show LIC matured amount received ?

POSTED BY dkkatariya ON January 23, 2014 3:18 pm COMMENTS (2)

where we show LIC matured amount received(Tax free) in ITR-1 & please tell us money back LIC policies amount received(in 5 years) is Tax free or Not?

2 replies on this article “Where in ITR-1 do we show LIC matured amount received ?”

  1. dkkatariya says:

    Thanks

  2. ashalanshu says:

    Dear Dkkatariya, the amount is tax free received as money back. The LIC amount is to be reported as exempted income.

    Thanks

    Ashal

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