Amount received pli maturity
This query is : Resolved
02 July 2024
I have received amount on maturity of pli on retirement. Is it taxable or exempt ? as they have deducted tds u/s 194 d .
If it taxable then it is taxable under which head and any deduction available.
If it taxable then it is taxable under which head and any deduction available.
02 July 2024
Tax Benefits of PLI Under Section 10 (10D):
If the sum assured is a minimum of ten times the annual premium, any income received as a maturity benefit will be entirely free from taxation. Section 10(10D) exempts bonuses and surrender benefits from taxation.
If the sum assured is a minimum of ten times the annual premium, any income received as a maturity benefit will be entirely free from taxation. Section 10(10D) exempts bonuses and surrender benefits from taxation.
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
- Supply through E-commerce Operators
- Rent lease agreement
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- REGARDING GST LIABILITY/....
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
