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Lic maturity

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(Querist)
27 March 2012 My father paid Lic premium on behalf of me now on maturity of LIC such income shown in whose return my father or myself? please answer
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Prakash Kochar

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Prakash Kochar (Expert)
28 March 2012 Proceeds received on maturity are not taxable. It is to be credited in your capital a/c.

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