Section 10(10d)
This query is : Resolved
23 December 2015
life insurance policy,
sum assured :707000,
premium installment:101000,
which amount is exempt on maturity u/s 10 (10D)
24 December 2015
dear
10 (10D)- says the amount which you received on maturity will be exempt...
while 101000 is premium... hope you can understood what will be the maturity value..?? i.e. 707000
10 (10D)- says the amount which you received on maturity will be exempt...
while 101000 is premium... hope you can understood what will be the maturity value..?? i.e. 707000
24 December 2015
Sir,
on maturity assume received 807000 than which amount exempt.
24 December 2015
807000
whatever maturity will you received, that will be exempt u/s. 10(10D)
whatever maturity will you received, that will be exempt u/s. 10(10D)
24 December 2015
Premium is greater than 10% of sum assured,
so as per u/s 10 (10D ) is claim able.
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Long term Capital gains received on sale of Residential Plot of land 10 years after buying it
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- 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
Trending Online Classes
CAclubindia
