26 January 2021
Sir, I.t.assess lic policy sum assured value rs:695000/- . single premium paid Rs:501804/- on Dt:12-08-2013 . Dt:12-08-2016 lic interest amount received Rs:104250/- Dt:12-08-2019 lic interest amount received Rs:104250/- Dt:12-08-22 lic interest amount Rs:104250+Rs:501804 received from lic of India. F.y.19-20 lic amount rs:104250/- Tds deducted 1%Rs:1042/- bet balance rs:103208 /- amount credited bank account show as per 26as sec 194da in I.t. act. Question: Assess lic above received different dates amounts taxable or exempted show in I.t. returns.
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