If an insurance maturity date is 31 mar 2024 but the amount was received on 1 apr 2024, then in which Financial year the maturity amount should be reported as income on ITR? Is it Financial year 2023-2024 based on maturity date OR Financial year 2024-2025 based on amount received date. Thanks in advance.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 11 May 2024
FY 2023-24 based on maturity date.
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