Deduction from gross total income (querry releted to section 80c)
This query is : Resolved
19 January 2015
Question: if any person takes a life policy before the 1/04/2012 nd so he can take deduction upto rupees 20% of premium paid weather he paid 20% or excess the 20% but if he paid excess the 20% in any year then payment received at a time of maturity will be taxable or not??
19 January 2015
Question:if any person opened a five year post office a/c on 1/07/2013 (py13/14) nd intrest rate suppose 10%p.a. So in this case, intrest deduction will be allowed or not in first year of deposit ?(for the period july to march)
Rupesh Jain
(Expert)
20 January 2015
when you get the amount from the insurance company the tds will dedcutable u./s 194DA @ 2%. if your premium amount more than 20% .
Rupesh Jain
(Expert)
20 January 2015
intt on fdr will be taxable there is no exemption from tax
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