TAX IMPLICATION ON AMOUNT RECEIVED ON MATURITY OF LIC
RAHUL SHARMA (student) (149 Points)
22 March 2018if yes under which head it should be taken as TDS u/s 194DA is deducted
is whole amount is taxable or maturity amount - premium paid is taxable?
RAHUL SHARMA (student) (149 Points)
22 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 22 March 2018
Even though more clarification is necessary.........
But based on TDS criteria......... it can be said that the total redemption value is taxable in the year of receipt........
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)