TMI BlogTDS on Insurance premiumX X X X Extracts X X X X X X X X Extracts X X X X ..... Whether TDS be deducted on Insurance premium ?? - Reply By Sarveshwar Mundra - The Reply = Yes, as per section 194D of the I.T. Act 1961 - Reply By YAGAY AND SUN - The Reply = NEW SECTION 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4DA According to the new Act introduced now, tax shall be deducted at source (TDS) on payouts to Resident Indian customers if the cumulative payout across all policies which are not exempt under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section 10(10D) equals or exceeds ₹ 1 lakh in a financial year. In case PAN is available and valid, 2% TDS will be applicable. In case PAN is invalid or not available, 20% TDS will be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... applicable! In case your life insurance policy qualifies for Sec 10(10D), no TDS will be deducted. - TDS on Insurance premium - Query Started By: - Raj Malik Dated:- 25-2-2017 Income Tax - Got ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|