Is the amount received on maturity of LIC is taxable?
if 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?
Menu
TAX IMPLICATION ON AMOUNT RECEIVED ON MATURITY OF LIC
Replies (2)
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........
okk sir thanks but under which head?
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
