Life Insurance Corporation of India [LIC]

Life Insurance Corporation of India [LIC] — lic beema bachat policy

ड

डॉ सुधीर कुमार झा

from Jamshedpur, Jharkhand

Address:

New Delhi, Delhi

Sir,, me ret. Person took beema bachat policies in october 2010,,, in2013 on money back was received non taxed. In2016, 2nd money back received was taxed asper my slab,,,
In april 2017 isurrendered 2 policies,, but to my utter sorrow 1%, tds was deducted on the entire amount my basic single premium amount plus,,, loyalty addition amount,,
The firm26as,, of income tax depicted the basic amount plus loyalty addition.. So is it not unfair tha premium deposited i have to pay tax in return next year?
My premium amount was approx 8lacs
And 26as shows basic as 888000..
Loyalty addition should only be taxable
Lic manager told me that,, the computer soft ware is like that,,, eminent ca also say it's wrong,,, pl save us from the loss of more than 250000 as extra tax,,, in banks only interest is taxable,,, how in lic,, basic deposited amount is taxable,,,?,,, yours,,, dr sudhir kumar jha,,
Mob,,, [protected].. Pan,, acmpj3708j
38c, dda flats sec,,, 6pocket,, 2, dwarka new delhi,,, 110075,,,

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Life Insurance Corporation of India [LIC] customer support has been notified about the posted complaint.

Sep 26, 2017

Updated by डॉ सुधीर कुमार झा TDs was deducted on my 2beema bacht policy surrendered in april2017 to 12..N branch Dwarka new delhi.
Form 26AS, , , depicts TDs on entire basic amount paid by me as single premium, , plus loyalty addition, , ,
No details given by me, , , by Lic, , ,
How premium paid by me can be taxable ??
The policies was taken by me inoct 2010
Pl see the matter to save from huge loss
Only loyalty addition or bonus can be taxable, , , not the basic premium paid
Yours, , dr sudhir kr jha, , , mob [protected]
Pan ACMPJ3708J...