Hi all
Due to recent changes,
- Is TDS applicable on Insurance premium paid to Insurance companies
- Is TDS applicable on Electricity Charges paid for Electric companies?
Thanks & Regards
B Bala Pullaiah
Menu
TDS on Insurance Premium & TDS on Electricity
Replies (1)
-
Insurance Premium: TDS is not applicable on the payment of premiums. It only applies to the commission paid to agents (under 194D) or potentially on certain maturity payouts (under 194DA).
-
Electricity Charges: TDS at 0.1% is applicable under Section 194Q if you are a "specified buyer" (turnover > ₹10 crore) purchasing electricity directly from a supplier for more than ₹50 lakh in a financial year.
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
