26 June 2023
Tds @ 5% was deducted u/s 194DA of the Income-tax Act on Rs.14.00 lakhs for the reason Maturity value 3 years period of Money Back policy SBI Life Insurance Co Ltd during the year 2022-23. In this regard clarify the details whether the amount received Rs.14.00 lakhs to be offered as Income or exempted?
CAclubindia
