Web7 Sep 2024 · Under section 194DA, the liability to deduct TDS is upon the insurance company. TDS shall be deductible on any sum (maturity proceeds/ surrender value/ … Web29 Jul 2024 · TDS Provisions under Income Tax Act, 1961 for FY 2024-20. Section 192: Salaries. Section 192A: Premature withdrawal from Employee Provident Fund (EPF) …
What is Section 194D and Section 194DA under Income …
WebHowever, the new Section 194K inserted in Finance Act 2024 requires the mutual fund to deduct TDS while distributing dividends exceeding Rs 5,000 to unitholders. 2. Capital … WebUpto 31.3.12, any policy carrying a premium exceeding 20% of the sum assured in any year is taxable and in that case, the proceeds are taxable. In your case, since the amount of 6 … funny christmas bah humbug
Section 194DA: Taxation Of Payment Received From Life …
Web17 Feb 2015 · Since TDS under section 194DA is applicable on those life insurance policies which are mentioned in 10 (10D) (c and d), and do not fulfill the restriction of 20% or 10% as the case may be, the said section10 (10D) is not applicable to deferred pension plans covered under 80CCC for the purpose of creation of a pension fund whose income is … Web2. Rate of TDS under Section 194DA for the Financial Year 2024-19 and 2024-20 - 1%. Notes: No surcharge, education cess or SHEC shall be added to the above rates. Hence, tax will … Web3 Feb 2024 · As per section 194A, TDS on interest other than interest on securities is required to be deducted by any person other than Individual or HUF at the rate of 10%, when paid to a resident. No surcharge, education cess or SHEC shall be added to the above rate. Learn by Quicko – 21 Jun 21 Section 194A of Income Tax Act,1961- Learn by Quicko funny christmas boxer shorts