Tds is deducted on surrender value of lic.....
in which source this exempt income will be shown....
whether it is exempt or not .... and how to cliam such tds......
Menu
TDS ON LIC
Replies (2)
When TDS deducted, implies the surrender proceeds would be taxable....
Hi Yogi,
If TDS is deducted then such income is a taxable income. Surrender value chargeable u/h Income from Other Sources. The surrender value received is not an exempt income.
If TDS is deducted then such income is a taxable income. Surrender value chargeable u/h Income from Other Sources. The surrender value received is not an exempt income.
Recent Threads
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
Related Threads
CAclubindia
