Dear frnds,
I need your help on the below case:
A Pvt. Ltd. is engaged in selling of life insurance product of Bharti AXA Ltd.
Bharti AXA Ltd. is deducting TDS u/s 194C not u/s 194D of Income Tax Act.
Is service provided by the Pvt Ltd to Bharti AXA Ltd in the nature of business auxilary services
or insurance services.
i.e is it a transaction coverd under the normal provision or reverse charge provision of the service tax.
thanking you in advance...
CAclubindia
