Whether TDS is applicable on insurance premium

Kamal (Finance) (36 Points)

06 March 2009

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4 Replies

venkatakula (Student CA Final) (41 Points)
Replied 06 March 2009

Originally posted by :Kamal
"	Whether TDS is applicable on insurance premium	"

Mr Kamal, No TDS is applicable on Insurance Premium

Jyoti Malik (ACCOUNTANT) (2644 Points)
Replied 06 March 2009

No,

rakesh (sr. accountant) (28 Points)
Replied 21 March 2009

No, No way

TDS is not applicable on Insurance Premium

Deepak (Audit Assistant) (25 Points)
Replied 24 March 2009

I have two questions :

1. Whether the payment of insurance premium to the insurer is to be covered under the ambit of TDS?

2. If the same is not covered under the ambit of TDS please mention the relevant Section.

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