Dear Sirs,
I have received rs.760000 as maturity proceeds of lic and tds @ 2 % is deducted on it by the insurer. premium paid exceeds 10% of the sum assured.what amount is taxable in my hand entire 760000/- to be included in my income tax return ? shall it be entered under income from other sources ?
Yes It should be included inIncome from Other Sources
PARV & Co.
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CCI
Pro
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