194DA payment in respect of lic
This query is : Open
10 January 2017
payment in respect of life insurence is exampted are not. a person received a sum of RS. 127200 in f/y 15/16. can I claim exemption for the whole amount which mention above. please help me with example
10 January 2017
is any TDS Deducted on the above amount
10 January 2017
check whether you LIC Policy qualify the criteria of sec 10 (10) d
10 January 2017
According to the new Act introduced now, tax shall be deducted at source (TDS) on payouts to Resident Indian customers if the cumulative payout across all policies which are not exempt under section 10(10D) equals or exceeds Rs. 1 lakh in a financial year.
In case PAN is available and valid, 2% TDS will be applicable.
In case PAN is invalid or not available, 20% TDS will be applicable!
In case your life insurance policy qualifies for Sec 10(10D), no TDS will be deducted.
In case PAN is available and valid, 2% TDS will be applicable.
In case PAN is invalid or not available, 20% TDS will be applicable!
In case your life insurance policy qualifies for Sec 10(10D), no TDS will be deducted.
10 January 2017
the LIC Co deducted your TDS which Means You are not Qualify for Sec 10(10)d
taxable the gross amount and claim tds
taxable the gross amount and claim tds
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