Gross income is 923871
Insurance benefit Rs 173669
2% TDS deducted for insurance benefit.
1. Should I add insurance benefit to gross income?
2. If I should add what is the benefit of insurance policies?
3. If I add this insurance benefit to gross income it goes to 20% slab?
Need your advice
Thank you
If insurance benefit is issued in lieu of any capital loss occurred earlier, no need to add; it is capital receipt.
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