How to treat Reciepts from Life Insurane Policy (194DA)? I showed in other Sources and it got Defective Return ? Kindly Advise how it should
be shown in ITR ? Is it other source or to be Shown in Business ??
How to treat Reciepts from Life Insurane Policy (194DA)? I showed in other Sources and it got Defective Return ? Kindly Advise how it should
be shown in ITR ? Is it other source or to be Shown in Business ??
You are correct. Section 194DA of the Income Tax Act, 1961 covers the person making payment to a resident person any sum under the life insurance policy.
The defect could have been with any other reason.
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