Home Query on LIC policy TDS deduction.

Query on LIC policy TDS deduction.

839 viewsTDS
2

Taxability of proceeds from surrender of LIC Policy where premium is more than 20% of sum assured and TDS deducted on proceeds received

please clarify….

Changed status to publish
Add a Comment
1

Where premium is more than 10% or 20% of the sum assured, money received from life insurance policy is fully taxable.

Answered question
Add a Comment
Write your answer.

Question stats

  • Active
  • Views839 times
  • Answers1 answer

Categories

Search questions