Two lic amounts taxable or exempted
This query is : Resolved
18 August 2021
Sir,
It assess two lic amounts received from lic of india in f.y.20-21.
1.policy-1 rs:4 lacs through on bank account and tds not deducted.
2.policy-2 rs:4 lacs through on bank account and tds deducted sec 194da(view as per 26as)
Question:
Assess two policies received amounts from lic of india amount taxable or exempted in it act.
It assess two lic amounts received from lic of india in f.y.20-21.
1.policy-1 rs:4 lacs through on bank account and tds not deducted.
2.policy-2 rs:4 lacs through on bank account and tds deducted sec 194da(view as per 26as)
Question:
Assess two policies received amounts from lic of india amount taxable or exempted in it act.
19 August 2021
TDS deducted policy is taxable.
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