Maturity of Life Insurance Policy
This query is : Resolved
19 June 2017
Hello,
I have invested ₹50,000 in Bajaj Allianz Life Insurance in 2006 for 10 years as a single premium, which matured in 2016 amounting ₹ 1,12,473. Further TDS deducted u/s 194DA. Whether matured amount will be taxable in A.Y. 2017-18 or not ?
Thanks.
Message likes :
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CA Rashmi Gandhi
(Expert)
19 June 2017
It is tax free.
18 October 2021
If TDS deducted, means it should be taxable..
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