Taxability u/s 194da
This query is : Resolved
05 July 2018
I PAID PREMIUM OF RS 40000/- PER YEAR FOR FIVE YEARS TOTAL AMOUNTING RS 200000/- (SUM ASSURED WAS RS 2 LACS) I GOT MATURITY RS 247500/-. WHAT WILL BE TAXABLE AMOUNT 47500/- OR 247500/- PLEASE CLEAR.THANKS
DINESH CHOUDHARY
DINESH CHOUDHARY
05 July 2018
TDS Will be done by lic on entire amount , for taxation purpose 47500/- will be added to income
No. 7/2003, dated 5-9-2003.
No. 7/2003, dated 5-9-2003.
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