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Income tax on 194da
I have withdrawn ICICI lIFE INSURANCE, i got Rs.165000 after on which tax is deducted Rs 3300 @ 2% u/s 194DA.
in 165000 i have paid 148000 as premium so it would be my principle and 17000 i got as int.
now i am filing ITR, what should I have to show in my income either 165000 whole or just 17000.
Replies (1)
If more than five years old policy, with less than 10% premium over assured amount; then totally exempt.
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