194da
karthiga (Article assistant) (66 Points)
23 July 2015
under sec 194da tds to be deducted on which amount of policy.. whether it includes sum insured and bonus
Shishir Nayak
((Expert))
(369 Points)
Replied 23 July 2015
Any person responsible for paying to a resident any sum under a life insurance policy, including the sum allocated by way of bonus on such policy, other than the amount not includible in the total income under clause (10D) of section 10, shall, at the time of payment thereof, deduct income-tax thereon at the rate of two per cent
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