27 February 2010
IF I GET A MONEY BACK AFTER LIC MATURED AND P.F RECEVIED THEN THIS PART OF MY INCOME IS TAX ABLE OR NOT. IF IT IS TAX FREE THEN IN WHICH SECTION OF INCOME TAX. AS MY FATHRE HAS RECEVIED P.F OF RS 52000/- AND 32000/- FROM LIC AS IT MATURED THISH YEAR. thanks srinivas sir so is it nesssary to show it in itr form if yes where.
28 February 2010
agree to experts, both are deducteble from your taxable income u/s 80C whenever you paid Prem. or deduction of PF and when you received at maturity or PF withdrawl its also tax free u.sec.. as per srinivas sir says.