Tds on insurance premium paid to icici lumbord

V.Ganapathy Subramanian (Dy Manager Accounts) (62 Points)

06 January 2014  

Dear All,

 

I need a clrarification regarding TDS apllication u/s 194 C to the Insurance premium paid to ICICI Lumbarod

Insurance policy is an contract between two people why we can't apply this provision for the sum paid to the Insurance companies

Pl clarify

Rgds

V.Ganapathy