The assessee in question is exempt from income tax under section 10(26) of IT Act 1961. Can i claim refund of tds which is deducted under section 194DA ??? If yes, then how to show in ITR4?
Srividya Murali
(Article Assisstant)
(211 Points)
Replied 28 January 2016
194DA talks about TDS on Life Insurance Policy amount received after maturity (where the premium paid during the tenure of the policy exceeds the limit specified).
10(26) talks about income arising or accruing by way of dividend or interest on securities from any source in the areas and states specified for members of a scheduled tribe.
I don't think you could claim a refund.
CAclubindia
