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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
