Tds on insurance policy maturity value
This query is : Resolved
29 October 2014
Sir,
Life Insurance Companies are deducting 2% TDS on maturity value of policies.
In case PAN is not submitted, 20% deducted as TDS.
May I know whether Section 10 10D has been amended.
I understand. But Sir, TATA AIA is deducting
Life Insurance Companies are deducting 2% TDS on maturity value of policies.
In case PAN is not submitted, 20% deducted as TDS.
May I know whether Section 10 10D has been amended.
I understand. But Sir, TATA AIA is deducting
29 October 2014
No. No amendments to the best of my knowledge. Exempted u/s 10 (10D). TDS not required to be deducted.
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
- 44AD VS 44AB AUDIT
- Correction in TDS return New Traces Portal
- Computation of Dividend
- Query Regarding Refund Adjustment Against Outstanding Demand
- TDS NOT YET CREDIED
- Mode of payment of Tax
- Multiple GST under same PAN
- TDS on land property purchase Form-141 related query
- Amount Received in Trust Account
- GST Rate on Bakery Items registered under composition scheme
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
