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.

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 Good Luck..


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