I recieved rs 283000 as lic policy matured
And tds is deducted under sec 194 Da
I am confused about the maturity amt to be taxable in full or only benefit/gain for maturity is taxble
Plz help... Its urgent
Menu
Tds under sec 194da
Replies (2)
only gain amount will be taxable
if your LIC premium AMOUNT IS MORE THAN 20% OF SUM ASSURED THEN ENTIRE MATURITY AMOUNT IS TAXABLE, IF THE POLICY WAS ISSUED BEFORE 01/04/2012
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
