LIC Amount Received !

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Hi everyone ,

Is the LIC amount of Person after his death Received by his Family Member is Taxable or Exempt ?

as the TDS 194DA is Deducted on such amount ( Person who Received the Amount has been Received it after deducting TDS on his PAN )


Can He claim Refund of TDS Deducted on his PAN ?
Replies (1)

Yes, exempt u/s. 10(10D) for death claims or any amount received on death of the insured person.

Claim the TDS back by filing return.


CCI Pro

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