is amount received from lic taxable or not?
This query is : Resolved
Rajendra Hegde
(Querist)
31 August 2019
Dear Sir,
I have received certain amount from LIC for which 1% TDS was deducted from them in 18-19.Is it taxable?
I have received certain amount from LIC for which 1% TDS was deducted from them in 18-19.Is it taxable?
CA R SEETHARAMAN
(Expert)
02 September 2019
TDS is applicable on all taxable payments made under life insurance policies if the total amount exceeds Rs 1 lakh.
Rajendra Hegde
(Querist)
04 September 2019
taxable or exempt for income tax
CA R SEETHARAMAN
(Expert)
04 September 2019
If TDS deducted it's taxable.
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