Dear All Friends
kindly give answer of Direct Tax MCQ-4 of Revision Test Paper May-2020
1 Replies
Chiran Bhandari
(4 Points)
Replied 04 March 2020
Opt d is right answer
mr rajesh annual premimum is not more than 20% of sum assured so exempt u/s 10(10D)
mr brijesh can not enjoy this benefit as his premium is more than 10% of sum assured bcz policy issued on or after 01.04.2012
so tds @ 5% (Amendment w.e.f sep 2019) on balance sum of maturity recd after deducting total premimum paid rs.16,000
mr rajesh annual premimum is not more than 20% of sum assured so exempt u/s 10(10D)
mr brijesh can not enjoy this benefit as his premium is more than 10% of sum assured bcz policy issued on or after 01.04.2012
so tds @ 5% (Amendment w.e.f sep 2019) on balance sum of maturity recd after deducting total premimum paid rs.16,000
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