Dear All,
I need a clrarification regarding TDS apllication u/s 194 C to the Insurance premium paid to ICICI Lumbarod
Insurance policy is an contract between two people why we can't apply this provision for the sum paid to the Insurance companies
Pl clarify
Rgds
V.Ganapathy
If u carefully interpretate the provisions of sec.194C, it is stating that For carrying out anywork.Insurance premium doesn't constitute work
Cannot deduct TDS on premium payment to insurance.
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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