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Matter of tax

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Guest

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Guest (Querist)
20 April 2012 gud evening to all experts,
my total income after deduction 190000.
i rec. a maturity amount from lic. this will add in my total income or less plz reply
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
20 April 2012 Maturity amount received from LIC is exempt from tax u/s 10(10D).i.e need not add it to your total income.

therefore your income=190000

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