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I took a policy(single premium) from life insurance company and premium is 100000 in year 2010 and Term is 8 Years, they have deducted 1% tax of maturity amount, that amount is shown in 26as. total maturity amount is 138160. i have just gain 38160 after 8 Years of Period.
what exact income to show...
Pratip Ghosh

Hi Amlan,

I saw one of you Youtube videos . It was very contextual to me. However, I have some questions.

One of my LIC Jeevan Anand policy matured this year. It was an yearly premium policy and unfortunately, I was paying close to 25000/- which was more.....