The maturity proceeds of ₹1,13,580 was given on 9 December 2022. It included a final bonus of ₹16,500, while ₹3,075 was deducted as tax under section 194DA.
In my Form 26AS, LIC has combined all the payouts ( ₹61,500) for FY2022-23, the year of policy maturity. I’m uncertain whether this consolidated amount should be included in my income tax return (ITR) for the current fiscal.
If it should be included, what is the amount to be shown in the ITR and which ITR form is applicable here?
—Name withheld on request
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India in economic sweet spot, inflation to moderate: Moody's
India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.
Incentive engine to drive modern ships
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EV adoption is a marathon, not a sprint: Audi India
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India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
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India urges $1.3 tn annual climate grant
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