Maturity proceeds of insurance

Sarath kumar.M (CA Final Student) (62 Points)

27 April 2017  

One of my clent who is an NRI took Unit Plus 2 Single premium policy of SBI Life. The sum assured is Rs. 12,50,000 and the period of Policy was 10 years with a single premium of Rs. 10,00,000. The policy was started in 2006. He has received a sum of Rs. 35,00,000 in  May 2016 on maturity on which 30.9% of Tax has been deducted u/s 195. Now he wants the return to be filed. How should the income be brought to tax and file the return for AY 2017-18?? Please advice