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) 05 October 2020
Sagar Patel (Tax and Business Consultant) 05 October 2020
ayusmita (Tax consultant) 06 October 2020