Received mail regarding e campaign for high value transaction dor AY 23-24. I Received 8 lacs 85 thousand rupees as maturity gain from life insurance which I thought taxfree so showed in exempted income. But came to know that all life insurance gains are not taxree. Now I Received mail and sent response that the information is correct in e campaign. Should I file updated return or should I wait?
Thanks for your reply. Yes TDS was deducted.
You need to file Updated Return u/s 139(8A), otherwise, you may get notice u/s 148A of the Income Tax Act.
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