Amount of exemption u/s 10(10D)
This query is : Resolved
Quick Summary
18 June 2022
Premium amount exceeds 10% of sum assured.
But, premium @ 10% claimed u/s 80C for past years.
Whether total amount received on maturity taxable or only accretion amount taxable?
Please suggest any tax planning in this regard.
But, premium @ 10% claimed u/s 80C for past years.
Whether total amount received on maturity taxable or only accretion amount taxable?
Please suggest any tax planning in this regard.
18 June 2022
80c amount claimed and accretion taxable.
18 June 2022
Sir,
The company will deduct tax at source on full maturity amount. Then, how could I show only 80C claimed amount and accretion as taxable. There will be difference in 26AS data and ITR data.
How to handle this mismatch? Please suggest.
The company will deduct tax at source on full maturity amount. Then, how could I show only 80C claimed amount and accretion as taxable. There will be difference in 26AS data and ITR data.
How to handle this mismatch? Please suggest.
18 June 2022
Show the difference in exempt income schedule and say 80c not claimed amount.
18 June 2022
Thank you, sir. 🙏🙏🙏
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