Menu
Can anyone explain amendment in sec. 10(10d) with an example ? urgently
can anyone explain
amendment in sec. 10(10d) with an example ? urgently.
Replies (1)
In brief, from 01/10/2014, the life insurance companies have to deduct tax at source under 194DA if the pay out at maturity (including bonus) exceeds Rs 1 lakh in case of those life policies where annual premium paid is more than 10% of sum assured.
Regards,
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
