Sec 10(10D)
This query is : Resolved
14 June 2023
Dear Experts ,
Kindly clearify whether LIC Maturity (surrendered before 2 Months) Policy issued during 2011- Amount received During 2023
1.Yrl Premium 18376 Amount received on 9/2/23 Rs.294603
2.Yrl Premium 18376 Amount received on 14/3/23 Rs.294603
(2 policies)
Thanks
Kindly clearify whether LIC Maturity (surrendered before 2 Months) Policy issued during 2011- Amount received During 2023
1.Yrl Premium 18376 Amount received on 9/2/23 Rs.294603
2.Yrl Premium 18376 Amount received on 14/3/23 Rs.294603
(2 policies)
Thanks
15 June 2023
Though the insured value of the policies are not specified, but in general, all such one or two premium policies are taxable, as sec. 10(10D) benefits are not applicable to them.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- Regarding TAX regime
- TDS - Form 26QB - Installment - Final payment Query
- Issue of gst e invoice
- Gstr 9 2023-24
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
