REGARDING POLICY TAXABILITY
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(Querist)
05 November 2025
If TDS is deducted u/s 194DA on maturity of proceeds of life insurance policy, then such income is exempt or taxable?
Dhirajlal Rambhia
(Expert)
05 November 2025
If TDS is deducted under Section 194DA, it means the maturity proceeds of the life insurance policy are taxable, not exempt. This deduction applies only when the payout does not qualify for exemption under Section 10(10D) of the Income Tax Act.
Dhirajlal Rambhia
(Expert)
09 November 2025
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