https://www.taxtmi.com/acts?id=36820 Amendment increases the tax deduction at source under section 194DA to apply to the income component of sums payable on redemption of life insurance policies, including bonuses, while excluding amounts that are statutorily exempt as life insurance proceeds. The change shifts the levy to the taxable income element of policy payouts and raises the applicable withholding rate, effective from 1st September, 2019. en-us Fri, 05 Jul 2019 17:56:57 +0530 Fri, 05 Jul 2019 17:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36820 Amendment increases the tax deduction at source under section 194DA to apply to the income component of sums payable on redemption of life insurance policies, including bonuses, while excluding amounts that are statutorily exempt as life insurance proceeds. The change shifts the levy to the taxable income element of policy payouts and raises the applicable withholding rate, effective from 1st September, 2019. Act-Rules Bill Fri, 05 Jul 2019 17:56:57 +0530 https://www.taxtmi.com/acts?id=36820