TDS on Insurance premium payment to Foreign Country
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2011
Hello
I would like to know whether tax is to be deducted at source on Travel Insurance Premium Payment to a foreign country?
KIndly highlight any case law or circular in this reference.
Regards
I would like to know whether tax is to be deducted at source on Travel Insurance Premium Payment to a foreign country?
KIndly highlight any case law or circular in this reference.
Regards
Arihanth Jain
(Expert)
09 July 2011
Such premium should be business income of the foreign company. Ref to most DTAA's-Article 7,such income shall not be taxable in India if the foreign company does not have a PE in India.
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