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TDS rate

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(Querist)
26 December 2008 What TDS is applicable on Fire Insurance Premium of Rs.31686 paid to Bajaj Allianz for godown. If yes what rate will be charged with u/s. Plz urgent.
Thanks.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
26 December 2008 THERE IS NO TDS PROVISON IN INCOME TAX REGARDING PREMIUM PAID TO ANY INSURANCE CO.
THANKS
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
26 December 2008 SIR IT IS INSURANCE PREMIUM & TDS PROVISIONS HAVE NOT INCLUDED INSC PREMIUMS FOR TDS
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