Dear Sirs,
LICI has deducted TDS u/s 194DA from Life Insurance Policy maturity value of Rs. 55,500/-. My question is whether the maturity value shall be taken as Income and , if so, under which 'head'.
Rajib Saha (Accounts Officer) (239 Points)
05 October 2020Dear Sirs,
LICI has deducted TDS u/s 194DA from Life Insurance Policy maturity value of Rs. 55,500/-. My question is whether the maturity value shall be taken as Income and , if so, under which 'head'.
vinayak landge
(B.Com)
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Replied 05 October 2020
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