Menu
LIC Receipts taxability
Amount received from LIC in excess of Rs 1 lakh for which tax deducted at the rate of 1% u/s 194DA is taxable?
Replies (1)
TDS is deducted when any sum including the sum allocated by way of bonus on a life insurance which is not exempt as per sec 10(10D)in aggregate exceeds 1,00,000 in a financial year.
TDs is deducted on total amount not on in excess of 1,00,000
TDs is deducted on total amount not on in excess of 1,00,000
Recent Topics :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
