Sec 194da lic income sec 44ada filer
This query is : Resolved
Kollipara Sundaraiah
(Querist)
04 January 2021
Sec 44ada professional income I.t return filer download 26as in f.y 19-20
Sec 194da
Amount rs:104250/-
Income from lic of India
Tds deducted Rs:1043/-
Question:
Above sec 194da amount lic of India Rs:104250/- treatment taxable(other sources of income)or exempted in I.t. act.
Sec 194da
Amount rs:104250/-
Income from lic of India
Tds deducted Rs:1043/-
Question:
Above sec 194da amount lic of India Rs:104250/- treatment taxable(other sources of income)or exempted in I.t. act.
CA R SEETHARAMAN
(Expert)
04 January 2021
Amount received is taxable under income from other sources. The income is taxable that's why TDS deducted.
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