Hello,
I have taken a loan of 4 lakhs based on my LIC policies (which will mature in Dec2016). I have received the 4 L amount thru ECS in Feb 2015 and March 2015.
My Query:
Where do i show this amount of 4 lakhs in my ITR 2 ? I am worried since these are high value transaction(i suppose) and it is not really "income."
Please help
Thanks & Regards,
Milind.