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LIC PAY BACK & 87 A
amount received from lic before maturity whatever name it called is exempt under section 10, it is rite. lic amount is added or not for purpose of 87a??
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It's differed from various of scheme which is some of the policies maturity amount is taxable and some of exempted. So, Check out Your policy details...
No... LIC maturity amount can't shown under 80C deductions. LIC payment is under 80C..
No... LIC maturity amount can't shown under 80C deductions. LIC payment is under 80C..
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