banner_ad

143(1a)

This query is : Open 
Profile Image

Profile Image

(Querist)
24 May 2018 WE ARE RECEIVING PROCESSING U/S 143(1)a, IN SOME CASES THERE IS MISMATCH ON ACCOUNT OF DEDUCTION U/S 194da AND ITS TREATMENT IN RETURN. If a person paid premium of 212000/- on 200000/- policy for 10 yrs more than 10% of sum assured and received 269000/- as maturity then insurance company is deducting TDS u/s 194da @1 % on whole 269000/- what would be the tax treatment.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
24 May 2018 The department would like to see the figure like 269000/-. Under Other sources head Show gross receipts as 269000/ and deduct the amount paid towards Premium from it
Profile Image

Gaurav

Profile Image

Gaurav (Querist)
25 May 2018 thanks for prompt reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details