Tuesday, April 15, 2014

[aaykarbhavan] Urgent Query on Sec 195



Dear Members,

A life insurance company in India wants to pay reinsurance premium to another insurance company who is a foreign company and does not have permanent establishment in India.

My question is whether TDS u/s 195 will be applicable on such expenditure ????
 
CA Rupak Agarwal
B.Com, FCA, LL.B.
Chartered Accountants
538 ka/1552 Triveni Nagar II
Lucknow-226020
Ph: 0522-2756646, 9839125100


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