Tds for payments to insurance companies

Hi all,

We are taking up a Group Insurance policy from National Insurance Company for our staff. In this case, do we need to recover TDS from the Insurance company? Should we deduct 10% under 94J or 2% under 94C.

Kindly clarify at the earliest.

Thanks in advance.

 

Replies (2)

TDS provisions doesnot provide for deduction of TDS  on premium paid to Insurance Companies

no tds on premium paid to insurance companies.

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