TDS on Professional Indemnity Insurance

Mohit Agrawal (AUDIT MANAGER) (104 Points)

23 August 2021  
Whether TDS is deductible in case of payment for professional Indemnity insurance by a Pvt. ltd. company ?

If yes, under which section it is deductible?

What will be consequences if TDS is not deducted on payment of professional Indemnity insurance ?