Tax tratment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2013
i have received from lic a commuted value of 58654 after tax deduction of 25137 and monthly annuity of 813 after i left the organization
want to know the tax treatment of it that commuted value recieved as superannuation is taxable or not and monthly annuity is taxable or not and under which head
want to know the tax treatment of it that commuted value recieved as superannuation is taxable or not and monthly annuity is taxable or not and under which head
18 July 2013
the only solution to this :
1.TDS might have be done-may be annuity paid in any year is more than 20%.
basically, lic amount is exempt u/s10(10d)
1.TDS might have be done-may be annuity paid in any year is more than 20%.
basically, lic amount is exempt u/s10(10d)
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2013
but it is not maturity amount
it is received as superannuation as i left the organisation
it is received as superannuation as i left the organisation
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
