Lic maturity proceeds
CA Arun Gupta (CA) (173 Points)
21 March 2017
Sir I got 168000 as LIC maturity proceeds in my bank account. However the premium was paid by my father. So just want to know whether such maturity proceeds are exempted in my hand? And if yes whether I have to show it as exempted income in my income tax return or not?
CAclubindia
