Good response from members and immediate reply .keep it up for Group.
C A Shah D J
On Tuesday, 15 April 2014 7:35 AM, "Tejas.Shah@in.ey.com" <Tejas.Shah@in.ey.com> wrote:
The income on reinsurance is a business receipt for the foreign reinsurer. In the absence of a PE, there should be no requirement to withhold taxes. However, you may need to ensure foreign reinsurer has a valid TRC [S. 90(4)/ (5)].
Best regards,
Tejas
From: "Vivek Sinha" <vs@mvco.in> To: aaykarbhavan@yahoogroups.com, Date: 15-04-2014 17:47 Subject: RE: [aaykarbhavan] Urgent Query on Sec 195 Sent by: aaykarbhavan@yahoogroups.com
Yes the section 195 shall be attracted. Further one need to keep in mind DTAA with the country in which the foreign company is situate with respect to applicability of rates….Thanks & Regards
Vivek Sinha
(Partner)M V C O CONSULTING . LAW . TAXMukun Vivek & CompanyA-38, LGF, Anand ViharDelhi-110092Telephone: 011-42147218J Please consider the environment before printing this email____________________________________________Notice: This message being sent by the offices of MVCO is for the use of named recipient(s) only. It may contain sensitive, private, proprietary or legally privileged information. If you are not the intended recipient, please immediately notify it to the sender & delete it and/or all other copies of it from your system and destroy any hard copies of it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient, unless otherwise stated or consented by the sender. Please further note that while MVCO scan all e-mails for viruses MVCO cannot guarantee that any e-mail is virus-free and accept no liability for any damage caused by any virus transmitted by this email.From: aaykarbhavan@yahoogroups.com [mailto:aaykarbhavan@yahoogroups.com] On Behalf Of CA Rupak Agarwal
Sent: 15 April 2014 15:36
To: aaykarbhavan@yahoogroups.com
Subject: [aaykarbhavan] Urgent Query on Sec 195Dear 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.
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