TDS on insurance premium paid
This query is : Resolved
01 July 2021
If any ltd co. pays insurance premium of Rs.10 lacs to private insurance co. then is tds is deductible on it? If not then under which provision it is exempted?
27 November 2021
Since, TDS chapter does not provide for deduction of TDS on insurance premium, no TDS will be deducted at the time of payment of such amount.
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