16 July 2016
Dear Sir, An assesse has received payment from LICI for a sum of Rs. 1.50 Lacs and they have deducted TDS @ 3% which is reflected in Assesse's 26AS for A.Y. 2016-17. So whether it should be shown in as Income from Other Sources and TDS amount to be claimed.
Please give your valuable reply which would be very helpful.
16 July 2016
This income will be shown under the head income from other sources and amount deducted as TDS will be claimed while filing of Income tax return.
CAclubindia
