Amount received from insurance companies and tds deducted on the recived amount
Amount received from insurance companies show in income from other sources or exempt from tax
pls clear
3 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 04 July 2024
Since tds is deducted that means you must have paid more than 10 % of the premium. It will be taxable in other sources.
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