Taxable head of income

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FATHIMA (Querist)
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22 March 2018 Assessee invested Rs.1500000 in Bajaj Alliance Life Insurance Company LTD. He received Rs.2226982 at the end of the policy. TDS deducted U/S 194 DA for Rs. 2226982. under which head of income difference amount Rs.726982 will be taxable. Capital Gain or Income from Other Sources.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 March 2018 ideally should be taxed as capital gains https://www.livemint.com/Money/NPZMsRrGtl8lOmP37hKe7M/Taxation-when-a-life-insurance-policy-behaves-like-an-asset.html

but there are other opinions advocating treatment as IFOS too

FATHIMA

FATHIMA (Querist)
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22 March 2018 If it is showned under capital Gain, after providing indexation benefit it becomes capital Loss . is this treatment correct?

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