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Interest on amt of Claim.

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74 Points Posted on 30 August 2019
Interest on insurance claim received by legal heir on death of a relative is taxable or exempt?
As TDS has been deducted by insurance company u/s 194A.
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On 30 August 2019 at 22:08 Report
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17264 Points Posted on 30 August 2019
Insurance claim money is exempt. show that claim amount in ITR under Exempt Income EI schedule.
Claim TDS full amount under TDS schedule.
check TDS amount in 26AS statement
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On 30 August 2019 at 23:12
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23688 Points Posted on 31 August 2019
Insurance Claim Money is fully Exempt from Income Tax.

1% TDS must have been deducted u/s 194DA and not 194A. Section 194A is for Interest other than Interest on Securities.
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On 31 August 2019 at 01:11
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74 Points Posted on 31 August 2019
Gentleman
I'm asking for taxability of Interest on delayed paymeny of claim & not claim.
Read query carefully‼️
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On 31 August 2019 at 06:22


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