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 :
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
- Interview Questions
- ITR Filing Last Date 2026
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
Related Topics :
CAclubindia
