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girish

Category : Taxabili..,
Solved
June 13, 2019 8:41 pm
  • Taxability of Life insurance plans
I have purchased wealth plus a single premium life insurance (SPLI) policy on 07/05/2010 by paying 2 lakhs as a single paid premium. It get matured on 2018 after eight years .I received total amount of 291732 having interest incurred of 91732 in eight years .TDS at the rate of one percent is deducte...
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Amlan Dutta
Taxation of any insurance product by whatever name is guided by section 10(10 D) ..Since the policy taken in between 2003-2012 , the annual premium must be less than 20 % of sum for policy proceeds to become exempt . If it isn't , then policy proceeds on maturity become totally taxable . Earlier , ...
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  • June 14, 2019
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Ranvijay Kumar

Category : How to f.., Income t..,
Solved
June 12, 2019 7:04 pm
  • How to fill ITR
  • Income tax
SIR, I DONATE NDF IN PULWAMA ATTACKS, WHAT IS THE PAN USED TO CLAIM 80g deduction for ay 2019-20, AND WHAT IS ADDRESS AND PIN CODE IS FILL UP IN COLUMN IN ITR FORMS ?
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Amlan Dutta
I actually could find this , here are the details for the national defense fund
1.)PAN - AAAGN0009F.
2.) Address - Address - National defense fund , State Bank of India, Institutional Division, 4th Floor, Parliament Street, New Delhi.
3.) Pin - 110001
Donations to this fund qualifies for 100 % deducti...
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I actually could find this , here are the details for the national defense fund <br />1.)PAN - AAAGN0009F.<br />2.) Address - Address - National defense fund , State Bank of India, Institutional Division, 4th Floor, Parliament Street, New Delhi.<br />3.) Pin - 110001<br />Donations to this fund qualifies for 100 % deduction without qualifying limit ....<br />You may also like to check my youtube video for this.....
  • June 16, 2019
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Syed Shaied

Category : Income t..,
Solved
June 7, 2019 11:45 am
  • Income tax
I have income from blood sample collection, blood test, Blood report delivery (Home service) of amount 1.2 lakh. Can i show this income in itr as
other sources of income? Am also a Salaried person.
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Amlan Dutta
This income wont fall under salary, House property , capital gains . So only business profession or income from other sources would fit . Since your primary source of income is salary , this appears to be more of a random nature of work you do for some additional income . If it is of permanent natur...
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  • June 16, 2019
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sravan

Category : Property.., Company .., Feedback..,
Solved
June 5, 2019 2:31 am
  • Property TDS( U/s 194 IA)
  • Company Act
  • Feedback
Sir,
After watching your videos, I got a doubt and request you to pls clarify
I am an NRI (buyer) and want to purchase a property of 25 lakhs from resident india (seller), is it required to deduct 20 % TDS due to nre transaction (because all nri payments which come under sec 195) irrespective of any ...
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Amlan Dutta
Since property is being purchased from resident indian , so property TDS section 194 IA needs to be looked at for guidance . This section stipulates TDS deduction at 1% on sale value , if sale value exceeds 50 lakhs . However, since here the sale value is around 25 lakhs, so there is no need of any ...
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  • June 16, 2019
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