Tds deducted u/s. 194da

dharmesh (prop.) (37 Points)

16 August 2019  

IN F.Y. 18-19 LIFE INSURARANCE CO. HAS DEDUCTED TDS ON MATURITY OF ULIP U/S. 194DA AMT. PAID/CREDITED RS. 678301 TDS DEDUCTED RS. 6784. (SINGLE PREMIUM INVESTED IN F.Y.  12-13 RS. 5 LACKS.) QUESTION IS WHAT EFFECT ON I.T.R. AY 19-20 ? IS WHOLE MATURITY AMT. IS TAXABLE ?