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tds on Insurance Premium, Income Tax

Issue Id: - 2094
Dated: 5-8-2010
By:- PONNADA B K RAVIKUMAR

tds on Insurance Premium


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We are paying Rs.1,50,000/- to Future Generalli India Insurance towards Group Personal Accident Policy for one year , whether we have to deduct the tds on this amt or not, if we have to deduct then under which sec , Pls clary

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1 Dated: 11-8-2010
By:- Surender Gupta
TDS in not applicable on such insurance premium paid to the insurance companies.

Page: 1

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