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Tds on lic premium

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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.

24 December 2015 http://taxguru.in/income-tax/latest-amendments-life-insurance-policies-eligible-deduction-80c-income-tax-act-1961-tds.html

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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