Hi everyone ,
One of our Relative Received LIC Amount of 450000 for which TDS has been deducted @ 194DA
is the Amount Received is Exempt or Taxable ??
3 Replies
karan
(article)
(71 Points)
Replied 26 June 2018
taxable...and ull get the tax benefit of TDS while calculating ur tax liability
YOGESH
(ENGINEER)
(41 Points)
Replied 04 July 2018
What is the taxable amount?
Full amount of 450,000/-
or
450,000/- minus (Total Premium Paid)
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