Proceeds received from ULIP_TDS deducted under section 194DA
This query is : Resolved
07 September 2025
Assessee has received Proceeds from ULIP (does not have ISIN) Purchased in 2016. TDS has been deducted u/s 194DA.
Whether the same to be treated under Income from Capital gain or Income from other Sources.
Whether the same to be treated under Income from Capital gain or Income from other Sources.
07 September 2025
The proceeds received from a ULIP purchased in 2016, on which TDS has been deducted under section 194DA, are to be treated as Income from Capital Gains if the policy does not meet the exemption criteria under section 10(10D).
07 September 2025
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