Hey guys I have one query...
I had paid one time lic premium before 1st April 2012 and it's more than 10% of sum assured.. in f.y.15-16 I received maturity proceed on which TDs deducted in whole amount as per section 194DA..
My doubt is all maturity proceed is taxable?
As per section 10(10D) any sum received means premium +bonus..?
CAclubindia
