Amount received from insurance companies and tds deducted on the recived amount
Amount received from insurance companies show in income from other sources or exempt from tax
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194DA tax treatment
Replies (3)
Since tds is deducted that means you must have paid more than 10 % of the premium. It will be taxable in other sources.
Tds is deducted at the rate of 5%
It will be taxable as other sources
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