CA Day celebration 2024 Easy Office
LCI Learning

Lip payment u/s194da

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 February 2016 Whether LIP payment exceeding Rs one lac received which is subject to TDS u/s 194DA is taxable as income
Profile Image

Arpit Shah

Profile Image

Arpit Shah (Expert)
03 February 2016 http://taxguru.in/income-tax/latest-amendments-life-insurance-policies-eligible-deduction-80c-income-tax-act-1961-tds.html
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
04 October 2021 Yes, its taxable, as the exemption u/s. 10 (10D) not eligible for such policies.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links