Life insurance

lic policy maturity amount received how to shown in itr
Replies (32)
Quick Summary
This discussion covers various tax-related queries, including how to report life insurance maturity amounts in your Income Tax Return (ITR) and whether Tax Deducted at Source (TDS) applies. It also clarifies tax implications for share broker income, GST filing errors, PAN card retrieval, and mandatory GST annual returns. Additionally, it touches upon TDS on interest and property transactions, and GST registration timelines.

Is TDS u/s 194DA deducted from maturity amount or not by insurance company.??
Not deduct tds
Check that your Sum assured is more than 10 times the Annual Premium.
Than it's exempted under Section 10(10D).
You have to report that under Exempt Income Section in ITR.
Construction of house expense deduction available or not if available than where show. home loan not taken
Not available.
but if loan taken, than Deduction of interest and Principal amount is available, when you pay instalments of loans.
Share broker income taxable in which head
1. Share broker earning commission and brokerage income is taxable as business income under head "Profit and Gain from Business and Profession"
2. If amount of this brokerage is small and you have other major income like Salary Income than you can show that income as income from other sources.
If cmp08 filed wrong sales detail can we file correct sales detail in gstr 4annual return
Yes, you can/shall file correct details in GSTR 4. if wrong filed in CMP 08.

If increase in sales than you have to pay tax along with interest, if any...
If I am generated json file from tally erp9 but upload on portal than shown invalid file how to remove error
Is tally updated.?
I think tally don't have a Facility of Annual GSTR 4, ...it's old Quarterly return in tally.

You can also check by login to GST Portal that any data is uploaded in GSTR 4 on site or not..

Note: You can use GST offline utility also, for GSTR 4 other than tally to create json file.
If someone lost her pan card before knowing his pan Card no how to know pan card number
If you have a acknowledgement slip of application of pan card, than you can check PAN number by application status..

If you lost your pan card, than you can get details of same from where you submitted any copy like at bank, insurance, Post office ect..
No such record available

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