Lic maturity proceeds

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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?
Replies (2)

If the proceeds of maturity are exempt and if you are beneficiary, then same shall be exempted in your hands.

Sir is there any column in income tax return to show this exempted proceeds. Or it need not be to be shown at all.


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