Tds deducted on ulip u/s 194da

SUBHASH SHARMA (Querist) 14 February 2017 This query is : Resolved
Hi,

I have invested Rs. 15,00,000/- lacs in Bajaj Allianz. I surrendered the policy before its maturity and Got Rs. 17,96,000/- form the company and TDS U/s 194DA has been deducted by the company during the F.Y. 2015-16.

Now I have to file my income Tax return. What Income I have to show Rs 17,96,000 or 17,96,000 less 15,00,000=2,96,000 only.

Please help

Regards

Subhash Sharma

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B.Chakrapani Warrier (Expert) 20 February 2017
Vexed question. Please read the writings in
http://www.caclubindia.com/articles/section-194da-clarification-needed-23031.asp

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