09 August 2010
I have received the LIC MATURITY amount in the f.Y.2009-10 in which section I have to shown the amount, in ITR-4 form where i have to shown this amount. I am not filed the return till date kindly help me.
09 August 2010
Under the provisions of section 10(10D) of the Income-tax Act, 1961, Maturity/Death claims proceeds of life insurance policy, including the sum allocated by way of bonus on such policy is exempted from income-tax. This amount will be shown in EI (Exempted Income) Sheet.
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