U/S 194DA OF THE IT ACT (INCOME FROM OTHER SOURCES OR CAPITAL GAIN)
This query is : Resolved
19 November 2021
Tax has been deducted u/s 194DA out of maturity amount of BAJAJ ALL during the F.Y. 2020-21. Will case to be taken in LTCG or Income from other sources? Let me know the calculation process, In case of capital gain. Regards, Tarak Kumar Roy
19 November 2021
Kindly let me know your valuable direction. Regards, Tarak Kumar Roy
19 November 2021
Any excess over the aggregate of premium amount paid, is taxable under 'Income From Other Sources' at slab rate.
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