11 January 2021
Sir, Assess lic policy sum assured Rs:6,95,000/- Single premium rs:501804/- payment Dt:15-08-2013 Dt:15-08-2013 some Lic amount received rs:104250/- Dt:15-08-2019 some Lic amount received rs:104250/- Dt:15-08-2022 some Lic amount received rs:501804/-+ interest. F.y.19-20 Rs:104250/- Tds Rs:1042 @1% sec 194da show in 26as . Question: Assess all amounts received from lic taxable or exempted in I.t. act.
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