Is the amount received on maturity of LIC is taxable?
if yes under which head it should be taken as TDS u/s 194DA is deducted
is whole amount is taxable or maturity amount - premium paid is taxable?
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TAX IMPLICATION ON AMOUNT RECEIVED ON MATURITY OF LIC
Replies (2)
Even though more clarification is necessary.........
But based on TDS criteria......... it can be said that the total redemption value is taxable in the year of receipt........
okk sir thanks but under which head?
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