Amount received pli maturity
This query is : Resolved
02 July 2024
I have received amount on maturity of pli on retirement. Is it taxable or exempt ? as they have deducted tds u/s 194 d .
If it taxable then it is taxable under which head and any deduction available.
If it taxable then it is taxable under which head and any deduction available.
02 July 2024
Tax Benefits of PLI Under Section 10 (10D):
If the sum assured is a minimum of ten times the annual premium, any income received as a maturity benefit will be entirely free from taxation. Section 10(10D) exempts bonuses and surrender benefits from taxation.
If the sum assured is a minimum of ten times the annual premium, any income received as a maturity benefit will be entirely free from taxation. Section 10(10D) exempts bonuses and surrender benefits from taxation.
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)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- Gstr 9 2023-24
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
