02 January 2015 OH I see..... We r of same opinion...that is good.

Sushil, this is a new category, getting developed in the CORPORATE world. They will always pose a reverse and hypothetical situation and keep for OPINION. In a way it is good..

See the simple answer to your question is "it is not covered under any of the TDS sections"

Please follow this link
https://incometaxindia.gov.in/Pages/faqs.aspx?k=FAQs%20on%20Tax%20Deducted%20at%20Source(TDS)

and click on second FAQ....really they have made it "make in india", it seems

Your views plase

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
Follow

02 January 2015 As per chapter XVII (TDS) only certain transaction which cover under these chapters. Insurance payments are not covered under this chapter.

ANIL KUMAR

ANIL KUMAR (Expert)
Follow

02 January 2015 Dear Upadhyay jee, Sec. 192 for Salary, 193 for Interest of securities, 194 for dividend 194A for interest..and so on. Where is section for Insurance? As there is no section, so there is no liability of TDS.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rakesh Maner

Credible HRM

Jai Solanki

Ashif Cheenikkal

sandhya.v

Subscribe Now

Tds deduction on insurance on bus

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA