Hi everyone ,
One of our Relative Received LIC Amount of 450000 for which TDS has been deducted @ 194DA
is the Amount Received is Exempt or Taxable ??
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SEC 194DA
Replies (3)
taxable...and ull get the tax benefit of TDS while calculating ur tax liability
Is it Exempt fully under Sec 10(10D) ?
What is the taxable amount?
Full amount of 450,000/-
or
450,000/- minus (Total Premium Paid)
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