TDS section 197
This query is : Open
09 April 2017
A payment made to an insurance broker by an insurance company in SEZ , without deducting tds.
The reason TDS was not deducted under section 195H by the insurance company is that the broker is exempt from paying income tax as it is situated in SEZ.
Is it valid or the broker should get the"nil deduction certificate" from department so that tax is not deducted at the source ?
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09 April 2017
broker is also situated in SEZ.
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