My query is: Someone invests in the SBI Life Smart money-back Gold policy. Money-back starts from 3rd Year 20%,6th year 20%,9th year 20% & 12th Year 50%
Premium paid
31.05.2016 Rs.114553.
31.05.2017 Rs.114553
19.05.2018 Rs.114973
22.05.2019 Rs.114973
Received first money back on 31.05.2019 Rs.199789 after TDS u/s 194DA @ 1%.
Does the amount receive Rs.199789 is taxable or exempt for FY 19-20? if it is taxable, Then how much amount is taxable out of Rs. 199789.
Menu
Tax Deducted u/s 194DA in form 26AS
Replies (2)
Rs. 201807 less Rs. 114553 = Rs. 87254 is taxable as Income from other sources for FY 1920.
Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E : raj @ rcdco.in
Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E : raj @ rcdco.in
Thank you Sir
Recent Topic
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
Related Topics
CAclubindia
