Himanshu Nagpal (Practice) (76 Points)
24 January 2017Hi
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
Bablu Kumar Jha
(Accounts Manager)
(266 Points)
Replied 24 January 2017
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
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
