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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Section 194DA - TDS on payment in respect of Life Insurance Policy

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....t any sum under a life insurance policy (including Bouns) shall deduct income-tax thereon, in the case. When TDS U/s 194DA is applicable  - Any person responsible for paying to a resident any sum under a life insurance policy, including the sum allocated by way of bonus on such policy, shall, at the time of payment thereof, deduct income-tax thereon. Consequently, In the following case....

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....r any of the years during the term of the policy exceeds 10% of the actual capital sum assured; (e) Any payment under life insurance policy issued after 31.03.2013, to a person covered u/s 80U or 80DDB where annual insurance premium is more than 15% of Capital sum assured  (f) any payment under unit -linked insurance plan (ULIP policy) issued on or after 01.02.2021 if insurance premium pa....

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....sp;[ Substituted vide Finance (No. 2) Act, 2024 w.e.f. 01.10.2024 ] Threshold Limit  * No TDS where amount does not exceed 1,00,000 during the financial year. Loan on Insurance Policy  TDS provisions of section 194DA are applicable whether payment is made at the time of maturity or otherwises. TDS provisions of section 194DA are applicable even at the time of releases of l....

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