alleryStart learning →No TDS arises on a life insurance payout income under 194DA if it is below what amount?
ARs 2 lakh
BRs 5 lakh
CRs 50,000
DRs 1 lakh
Answer & Solution
Correct answer: D. Rs 1 lakh
Section 194DA does not apply when the amount of income comprised in the payout is less than Rs 1 lakh.
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Related questions
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