730GA Repayment of appropriate tax

For the purposes of a claim to relief under section 189, 189A, 192 or 205A the amount of a payment to a policyholder is deemed to be a net amount, from whose gross equivalent a sum equal to the appropriate tax due has been deducted. This amount of gross income is treated as chargeable to tax under Case III of Schedule D.

Relevant Date: Finance Act 2021