Service tax on life insurance agent (individual)
This query is : Resolved
06 October 2012
I AM WORKING AS AN LIFE INSURANCE AGENT WITH " BIRLA SUN LIFE INSURANC CO. LTD ",BUT MY COMPANY IS DEDUCTING THE SERVICE TAX ON MY COMMISSION.
WHEN I GIVE COMPLAIN TO MY SENIOR HE TOLD TO ME THAT THESE IS RULE OF CO.
PLEASE GUIDE AND PROVIDE ME MAXIMUM MATERIAL FOR THESE ISSUE.
THANKS,
REGARDS,
S K PARMAR
WHEN I GIVE COMPLAIN TO MY SENIOR HE TOLD TO ME THAT THESE IS RULE OF CO.
PLEASE GUIDE AND PROVIDE ME MAXIMUM MATERIAL FOR THESE ISSUE.
THANKS,
REGARDS,
S K PARMAR
07 October 2012
Your senior is correct. It is a law. No issue can be raised here in my opinion.
07 October 2012
Dear Parmar,
your company should pay the service tax on commission received in regards to insurance agents under the notification No. 30/2012-ST.
your company should pay the service tax on commission received in regards to insurance agents under the notification No. 30/2012-ST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
