https://www.taxtmi.com/news?id=13033 A proposed amendment would require tax deduction at source on sums paid under life insurance policies, including bonuses, that are not exempt under the life-insurance exemption. The proposal includes an exemption from deduction for aggregate annual payments below a prescribed threshold to reduce compliance for smaller recipients and identifies an effective commencement date in the legislative proposal. en-us Sun, 13 Jul 2014 16:22:14 +0530 Sun, 13 Jul 2014 16:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13033 A proposed amendment would require tax deduction at source on sums paid under life insurance policies, including bonuses, that are not exempt under the life-insurance exemption. The proposal includes an exemption from deduction for aggregate annual payments below a prescribed threshold to reduce compliance for smaller recipients and identifies an effective commencement date in the legislative proposal. News - Sun, 13 Jul 2014 16:22:14 +0530 https://www.taxtmi.com/news?id=13033