For 10(10d)
This query is : Resolved
26 March 2012
Dear Sir,
i want to know that if there is LIC maturity amount received after certain period of time then what to do with that LIC maturity amount U/s 10(10D) it is exempt but how we can claim under 80(C). please tell me how that figure shown in the return?
i want to know that if there is LIC maturity amount received after certain period of time then what to do with that LIC maturity amount U/s 10(10D) it is exempt but how we can claim under 80(C). please tell me how that figure shown in the return?
26 March 2012
There is nothing to do u/s 80C with LIC maturity amount. LIC premium paid is deductible u/s 80C from GTI and amount received on maturiy is exempt u/s 10(10D).
26 March 2012
Agree with expert.
Section 10 speaks about exempted income.
Thanks
Mihir Doshi
Section 10 speaks about exempted income.
Thanks
Mihir Doshi
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- SHARE TRANSFER PRIVATE LIMITED COMPANY
- Car Purchases in Daughter Name
- Invoicing in different currency
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
