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Taxability u/s 194da

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(Querist)
05 July 2018 I PAID PREMIUM OF RS 40000/- PER YEAR FOR FIVE YEARS TOTAL AMOUNTING RS 200000/- (SUM ASSURED WAS RS 2 LACS) I GOT MATURITY RS 247500/-. WHAT WILL BE TAXABLE AMOUNT 47500/- OR 247500/- PLEASE CLEAR.THANKS
DINESH CHOUDHARY
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
05 July 2018 TDS Will be done by lic on entire amount , for taxation purpose 47500/- will be added to income
No. 7/2003, dated 5-9-2003.

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