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Premium for its vehicles

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(Querist)
02 December 2023 Dear Experts,
1 A company is remitting the payment to the private insurance company towards the policy premium for its vehicles.
2 Pls explain the TDS implications on this payment?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 December 2023 TDS on insurance premiums is not applicable.
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RAJA P M

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RAJA P M (Expert)
02 December 2023 TDS not applicable for Insurance premium. No TDS implications for the payment.
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