Tds Applicable on General Insurance
This query is : Resolved
06 October 2021
Sir ,
We have taken the insurance for stock movement from other country to anywhere in india and for that purpose we have paid the premium to the insurance company ,My Question is that whether tds is to be deducted on such payment .
Secondly is any other tax applicable pls specify .
Regards
We have taken the insurance for stock movement from other country to anywhere in india and for that purpose we have paid the premium to the insurance company ,My Question is that whether tds is to be deducted on such payment .
Secondly is any other tax applicable pls specify .
Regards
CA R SEETHARAMAN
(Expert)
06 October 2021
TDS is not applicable on insurance premium paid to an insurance company.
GST applicable on such instances premium.
GST applicable on such instances premium.
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