Dear Sir,
Please clarify me,
1) If TDS is deducted on maturity of LIC, then what amount of income(i.e, principal+bonus or only principal/bonus) is to be shown in Total Income, and under what Head of Income it should be shown.
2) Similarly if Pension amount received on retirement what amount is tax free i.e, Principal+Interest or only Principal/ Interest
1. Total of receipt amount under head income from other sources.
2. Total of pension receipt is taxable
Thank you Sir
Most welcome
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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CAclubindia
