Hi
My company paid group insurance premium for the health insurance and life insurance premium. This is for policy taken on group level on the name on company. Can somebody please guide me on applicabilty of TDS for this transaction.
Regards,
Himanshu Nagpal
Hi Mr. Himanshu,
Payment made towards group insurances for employees, company cannot deduct TDS on that amount. 100% expense can be claim.
Regards,
Bablu Kumar Jha
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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