hello experts in have client who had last year mature lic on which he get 200000rupees approx and tds deduct and he paid only 1 lum sum amount which is 1lakh rupees so now should it taxable or exempt and if exempt still should I show this income in his ITR in exempt category
actually lic always deduct 1% tds us 194da so m also confuse but now clear it's always expemt on maturity payment thank u all for replying with precious advices
CAclubindia
