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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

TDS liability on re-insurance premium paid by the assessee to ...


Assessee Liable for TDS on Re-insurance Premiums to Non-Resident Companies; Profits Taxable in India Under Lloyd's Contracts.

October 11, 2018

Case Laws     Income Tax     AT

TDS liability on re-insurance premium paid by the assessee to the non-resident re-insurance companies - the profit of non-resident re-insurance company or the person in India who has standing contract with underwriters, who are members of the Lloyds, is taxable in India - TDS liability confirmed.

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