Maturity amount

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Mohitjain (Querist)
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23 May 2016 10 years back I had invested 40000 amount in one of scheme of LIC and now on maturity s received is 1.60L Please suggest taxation of this transaction

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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23 May 2016 Maturity of LIC is not taxable in the hands of assassee. Refer section 10(10D)

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Maturity amount

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