Regarding taxability of proceed from policy
This query is : Resolved
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?
05 November 2025
TDS under section 194DA is deducted only if the maturity amount is taxable (i.e., not exempt under section 10(10D)).
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