LIC maturity
sharfas (article clerk) (55 Points)
23 June 2018
I have received lic maturity of 1,20,000/-.but there is no TDS is deducted,is it taxable or not
2 Replies
CA K.Srividhya
(Chartered Accountant)
(279 Points)
Replied 23 June 2018
Amount received from LIC on maturity is not taxable. It is exempted u/s 10(10D).
Regards.
sharfas
(article clerk)
(55 Points)
Replied 23 June 2018
but it was deposuted after 2012 and it is a one time policy
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