Section 10(10D)

  • Income Tax

Redemption of ULIP not exempt u/s 10(10D) is taxable as capital gains – ITAT

Redemption of ULIP not exempt u/s 10(10D) taxable as capital gains not income from other sources, ITAT allows benefit of…

9 months ago
  • Income Tax

CBDT issues Guidelines under clause (10D) of section 10 of Income-tax Act w.e.f. AY 2024-25

CBDT issues Guidelines under clause (10D) of section 10 of Income-tax Act from AY 2024-25 Clause (10D) of section 10…

9 months ago
  • Income Tax

Tax on High Premium insurance policy maturity to be on sum received minus premium paid

Tax on maturity of High Premium insurance policy to be on sum received minus premium paid though TDS u/s 194DA…

9 months ago
  • Income Tax

CBDT Guidelines under clause (10D) section 10 of the Income-tax Act 1961

CBDT Guidelines under clause (10D) section 10 of the Income-tax Act, 1961. Exemption to ULIP receipts Clause (10D) of section…

2 years ago
  • Income Tax

Keyman Insurance Policy (KIP) Premium is an allowable business expenditure

In a recent judgment, ITAT Amritsar has endorsed that Premium of Keyman Insurance Policy (KIP) is an allowable business expenditure. Case…

8 years ago