Tds deducted u/s. 194da

sir, please refer to Section 10(10D) of Income Tax Act. 

Here is the reproduction of FAQ's

Are receipts from life insurance policies on maturity along with bonus taxable?

Answer

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As per section 10(10D), any amount received under a life insurance policy, including bonus is exempt from tax. However, following receipts would be subject to tax:

1. Any sum received under sub-section (3) of section 80DD; or
2. Any sum received under Keyman insurance policy; or
3. Any sum received in respect of policies issued on or after April 1^st, 2003, in respect of which the amount of premium paid on such policy in any financial year exceeds 20% (10% in respect of policy taken on or after 1^st April, 2012) of the actual capital sum assured; or
4. Any sum received for insurance on life of *specified person (issued on or after April 1^st 2013) in respect of which the amount of premium exceeds 15% of the actual capital sum assured.
   
   * Any person who is –
   
   i)  A person with disability or severe disability specified under section 80U​; or 
   
   ii) suffering from disease or ailment  as specified in the rule made under section 80DDB. 
   
   Following points should be noted in this regard:

5. Exemption is available only in respect of amount received from life insurance policy.

6. Exemption under section 10(10D)​ is unconditionally available in respect of sum received for a policy which is issued on or before March 31, 2003.

7.Amount received on the death of the person will continue to be exempt without any condition.​