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Tds on lic premium

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(Querist)
24 December 2015 What is the rationality in deducting tds on lic maturity though the maturity proceeds are fully exempt. Whether any portion of the proceeds are taxable.
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Arpit Shah

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Arpit Shah (Expert)
24 December 2015 https://taxguru.in/income-tax/latest-amendments-life-insurance-policies-eligible-deduction-80c-income-tax-act-1961-tds.html
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 October 2021 Yes, when the policy is not eligible for exemption u/s. 10(10D) of IT act, its surrender value or maturity value is taxable, & hence TDS is deducted from such value.
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