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
gvinod (Asst manager accounts) (15 Points)
26 July 2023Sir,
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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195421 Points)
Replied 26 July 2023
It is taxable under head IFOS.
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