How to report Income and TDS in ITR 2 - Deducted under Section 194DA upon and showing in Form 26AS

To report income and TDS in ITR-2 for amounts deducted by LIC under Section 194DA, follow these steps: Reporting Income

1. *Schedule OS*: Report the income from LIC policies under "Income from Other Sources" in Schedule OS.

 2. *Section 194DA*: Ensure that the income and TDS details are correctly reflected in the relevant sections of Schedule OS. Reporting TDS

1. *Schedule TDS 2*: Claim the TDScredit in Schedule TDS 2 by entering the details of the TDS deducted by LIC under Section 194DA. 2. *Form 26AS*: Ensure that the TDS details reflected in Form 26AS match the details reported in your ITR-2. Key Points to Ensure - 

*Accurate Reporting*: Ensure that the income and TDS amounts are accurately reported in the ITR-2. - 

*Matching with Form 26AS*: Verify that the TDS credits claimed in the ITR-2 match the details in Form 26AS. By following these steps, you can correctly report the income and TDS in your ITR-2 for amounts deducted by LIC under Section 194DA.

Before reporting, the first check is whether your policy is exempt under Section 10(10D). If yes (premium within 20% of sum assured for pre-April 2012 policies, or under 10% for later policies, and aggregate ULIP premiums under 2.5 lakh), the maturity proceeds are tax-free. Report the TDS in Schedule TDS-2 to claim a full refund. If not exempt, the taxable portion goes in Schedule OS as income from other sources, and the TDS from Form 26AS goes in Schedule TDS-2 against the same insurer PAN. The insurer should have already given you Form 16D (formerly Form 116D under the new rules) with the breakup.

 This [AIS and 26AS guide for ITR prep](https://taxgarden.in/blog/ais-vs-form-26as-vs-tis-itr-prep-guide-ay-2026-27) covers the cross-check steps before filing.