Taxable or not?
This query is : Resolved
28 July 2016
Sum received on Maturity of pension fund from Bajaj Alliance is taxable or not?
TDS u/s 194DA has been deducted from the same..
Please give advice.
TDS u/s 194DA has been deducted from the same..
Please give advice.
28 July 2016
Please refer section 10(10D). Pension received is an amount of maturity amount according to the scheme / plan. Pension should not be mistaken with pension under the head "salaries" where employer and employee relation was there.
The exemption depends on the amount of premium bearing sum assured i.e. % of premium over sum assured (10%, or 20% as the case may be). Exemption does not depend on the maturity amount.
The exemption depends on the amount of premium bearing sum assured i.e. % of premium over sum assured (10%, or 20% as the case may be). Exemption does not depend on the maturity amount.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
