INCOME TAX DEPARTMENT SENT ME NOTICE FOR FY 13.14 YEAR I RECIVED SOME LIC SURENDER AMOUNT BUT INCOME TAX DEPARTMENT TOLD ME FILE THE TAX AMOUNT ON WHICH IS YOU GET FROM LIC DEPARTMENT BUT IT IS EXEMPT IN 10 10D
WHT IS SOLUTION.
Menu
LIC SURRENDER VALUE EXEMPT
Replies (2)
Whether any TDS was deducted?
If yes, you will have to check properly about its exemption !!
under sec 1010d of income tax there is exetion for matured amount of LIC and not for surender amount .
Recent Threads
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
Related Threads
CAclubindia
