Tds is deducted on surrender value of lic.....
in which source this exempt income will be shown....
whether it is exempt or not .... and how to cliam such tds......
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TDS ON LIC
Replies (2)
When TDS deducted, implies the surrender proceeds would be taxable....
Hi Yogi,
If TDS is deducted then such income is a taxable income. Surrender value chargeable u/h Income from Other Sources. The surrender value received is not an exempt income.
If TDS is deducted then such income is a taxable income. Surrender value chargeable u/h Income from Other Sources. The surrender value received is not an exempt income.
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