I am in receipt of a ULIP payout (purchased in 2014), on which TDS u/s 194DA was deducted on payout net of premiums paid. I understand that I am not eligible for the exemption u/s 10 (10D), because ...

The new income tax rules on receipt of insurance maturity proceeds came into effect from 1 September(Since the IL&FS defaults, it can be noted that NBFCs and housing finance companies (HFCs) were ...

If you think elimination of PAN details on this policy will help you avoid TDS, you should know that section 194DA guides 20% tax deduction on maturity claims pay out. Premium in any year is more than ...

As we draw closer to the last quarter of FY 2023-24, it is important to start educating ourselves on the nitty-gritty details of taxation in India. One of the most important topics in taxation is TDS ...