Easy Office

Tds cr u/s 194A

This query is : Resolved 

05 August 2021 5% tds is being deducted by Insurance companies from the amount payable if the amount is over one lakh rupees. If the amount received is exempt whether the tds deduted by the insurance company is available as credit for other incomes ( income from profession, other sources etc,) ?

05 August 2021 Yes, such TDS credits can be adjusted against tax liability on other incomes.



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries