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Income received from lic

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(Querist)
14 July 2016 Dear Sir,

Income received from LIC and TDS u/s 194DA is deducted. Is the income receive taxable? or which is the taxable portion of the income?
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Soumitra Basu

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Soumitra Basu (Expert)
16 July 2016 the amount received from insurance policy shall be taxable other than the amount mentioned and conditions specified in section 10(10D) of the Act.

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