Sir,
While filing ITR - 1, i have verified AIS and find out one Insurance amount Received Rs.70k and TDS deducted 5% u/s 194DA.
I have a doubt, is it 70k taxable income or exempted income.
Kindly suggest.
Regards,
Vinod
Sir,
While filing ITR - 1, i have verified AIS and find out one Insurance amount Received Rs.70k and TDS deducted 5% u/s 194DA.
I have a doubt, is it 70k taxable income or exempted income.
Kindly suggest.
Regards,
Vinod
It is taxable under head IFOS.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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