Tds on insurance policy maturity value
This query is : Resolved
C R GOPINATHAN NAIR
(Querist)
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.
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