Myself Abhishek, my age is 59 year . I am a salaried person .
I filed an ITR last year (FY 2016-17) on 05 August 2017. In this filled ITR each n every thing was cleared. No any dues on IT Department .
After 4-5 Month I received a notice cum Demand Letter from IT Department under section 139. In this notice I saw there was a due of Rs.93,500/- E-tax on IT department When I saw my Form 26AS for ( FY 2016-17) & get that I was received an amount from LIC of Rs. 2,60,000/- after maturity
I submitted a grievance under E-Nirvana, but no any positive response from IT Department
I heard LIC Maturity amount is not taxable Under section 10 , SECTION 10(D) What I do next
I will pay this E-Tax or E- File the revise ITR for to avoid this tax of E-Tax Rs. 93,500/-
1 Answers
Dear Abhishek ji,
When did you receive the notice?
In your Form 26AS, did LIC deduct any TDS?
Suggest you to kindly consult a Chartered Accountant immediately in this regard.
Regarding Sec - 10, you may kindly go through this link...
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