requirement for LIC claim

This query is : Resolved

vikas (Querist)
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16 May 2008 sir ,Till date I havent filed any return but I have PAN card .In this i have got LIC claim amount on the policy of my father

I m a CA student & getting a stipend of Rs.4000pm also.
1. please tell me at what time i am required to file return regarding this amount(lic claim)?
2.if i file return ,am i required to file return every year? and
3.is this return goin to create any trouble for me ?

KAUSTUBH M JOSHI

KAUSTUBH M JOSHI (Expert)
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17 May 2008 When gross total income of any person cross the minimum amount not chargeable to tax then he has to file return. if your income has exceeded the limit you have to file return.If you file return the above criteria will apply for next year also. No trouble