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license maturity
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
Replies (5)
TDS under which section
which type of policy it is
which type of policy it is
lic income exempt
But then why TDS??
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
Show in Exempt Income schedule so that you claim TDS 1% credit.
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