Tax tratment

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 July 2013 i have received from lic a commuted value of 58654 after tax deduction of 25137 and monthly annuity of 813 after i left the organization
want to know the tax treatment of it that commuted value recieved as superannuation is taxable or not and monthly annuity is taxable or not and under which head

18 July 2013 the only solution to this :
1.TDS might have be done-may be annuity paid in any year is more than 20%.

basically, lic amount is exempt u/s10(10d)

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 July 2013 but it is not maturity amount
it is received as superannuation as i left the organisation


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details