Treatment of payment received u/s 194 DA
Ishatpreet Singh (Article assistant) (71 Points)
22 August 2019
What will be the taxability of amount received from Insurance company u/s 194 Da as TDS is deducted on Gross amount (let say 2 lac) but assessee has paid 80k premium also..So will we take 2 lac as income or 120000 (2 lac- 80k) for taxability purpose ?
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