02 January 2015
OH I see..... We r of same opinion...that is good.
Sushil, this is a new category, getting developed in the CORPORATE world. They will always pose a reverse and hypothetical situation and keep for OPINION. In a way it is good..
See the simple answer to your question is "it is not covered under any of the TDS sections"
Please follow this link http://incometaxindia.gov.in/Pages/faqs.aspx?k=FAQs%20on%20Tax%20Deducted%20at%20Source(TDS)
and click on second FAQ....really they have made it "make in india", it seems
02 January 2015
As per chapter XVII (TDS) only certain transaction which cover under these chapters. Insurance payments are not covered under this chapter.
02 January 2015
Dear Upadhyay jee, Sec. 192 for Salary, 193 for Interest of securities, 194 for dividend 194A for interest..and so on. Where is section for Insurance? As there is no section, so there is no liability of TDS.
CAclubindia
