Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to exempt life insurance services under ‘Pradhan Mantri Vaya Vandana Yojana’.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION
New Delhi, the 4th May, 2017
No. 17/2017-Service Tax
G.S.R (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.25/2012-Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 467 (E), dated the 20th June, 2012, namely:-
1. In the said notification, in entry 26A, after item (f), the following item shall be inserted, namely-
“(g) Pradhan Mantri Vaya Vandana Yojana;”.
[F. No.354/75/2017 -TRU]
(Mohit Tewari)
Under Secretary to the Government of India
Note:-The principal notification was published in the Gazette of India, Extraordinary, by notification No. 25/2012 – Service Tax, dated the 20th June, 2012, vide number G.S.R. 467 (E), dated the 20th June, 2012 and last amended vide notification No. 10/2017 – Service Tax, dated the 8th March, 2017 vide number G.S.R. 204(E), dated the 8th March, 2017.
Pension of lici pradhanmantri vaya bandhan yojana is tax exempted? Please clarify.
IS INVESTMENT IN LIC PMVVY IS EXEMPTED U/S 80C & IS PENSION RECEIVED ON IT IS ALSO EXEMPTED?
Sir,
1) Is annuity earned on PMVVY is subject to TDS?
2) Is the final payment after the term of 10 years (Purchase price+Annuity for last year) is taxable?
If yes, is the whole amount taxable?
If not then under which sec. of I.T. act it is exempt?
Sir,
Is there TDS applicable by the LICI PMVVY Plan? If yes….at what rate?
whether the PM Vayavandana yojana is eligible under sec 80ccc?
Is vayavandana scheme of central govt. benefit to the pensioners with tax exemption? both for pension amount received and investment made? if so undet what section?
reply please.
Sir, WHETHER THE INVESTMENT OF FUNDS IN I.TAX U/S 80(c) OF I.TAX ACT,THIS PLAN IS EXEMPTED? SCHEME NOTIFIED BY GOVT.?R.K.MAKHARIA
not clear
is the pension amount in the hands of pensioner taxable
Would the pension under the LIC Plan 842 – Pradhan Mantri Vaya Vandana Yojana;” be exempt from Income tax?