INCOME TAX ON MATURITY AMOUNT OF LIFE INSURANCE POLICY

INCOME TAX ON MATURITY AMOUNT OF LIFE INSURANCE POLICY

Posted: 30 Apr 2019 10:43 AM PDT

There is a lot of confusion among the Taxpayers and tax professionals regarding taxability of the Maturity amount received from Life insurance company specially on policies on which life insurance company has deducted tax at source @1 % on the amount paid under section 194DA and amount received by the assessee has been shown in Form 26AS of the person. $(document).ready(function () { ...

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