IS AMOUNT RECEIPT FROM LIFE INSURANCE COMPANY UNDER SECTION 194 DA TAXABLE OR NOT?
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23 July 2023
IS AMOUNT RECEIPTS FROM LIFE INSURANCE COMPANY UNDER SECTION 194 DA TAXABLE OR NOT? (IF NOT TAXABLE,THEN CAN I REPORT THE AMOUNT AS EXEMPT CATEGORY UNDER SECTION 10D)?
(TDS 5 % HAS DEDUCTED ON THE ABOVE SAID RECEIVED AMOUNT FROM LIFE INSURANCE COMPANY LIC)
(TDS 5 % HAS DEDUCTED ON THE ABOVE SAID RECEIVED AMOUNT FROM LIFE INSURANCE COMPANY LIC)
23 July 2023
Doesn't seem to be tax exempt.
Check policy document &/or premium to sum assured ratio.
Check policy document &/or premium to sum assured ratio.
23 July 2023
Thank you very much sir
23 July 2023
My Pleasure.
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