LIC maturity amount received

Vijay Dakhvani (106 Points)

12 June 2018  

One of my friend received lic maturity amount ₹113700 and his tds deducted 1% as per section 194da is this proceeds will be taxable if yes than whole amount
to be include in taxable income or only difference amt to be tax i.e. amount received on maturity less premium paid . plz solve it