TDS on insurance solicitation requires withholding from remuneration for procuring business and related accounting amendments. Section 194-D mandates deduction at source from remuneration or rewards, including commission, for soliciting or procuring insurance business. The Board directed creation of specific minor- and sub-heads under corporation tax and other income tax accounts to record such deductions, and ordered correction slips to accounting appendices and amendments to challan, budget estimate, and monthly collection reporting forms to implement the change.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TDS on insurance solicitation requires withholding from remuneration for procuring business and related accounting amendments.
Section 194-D mandates deduction at source from remuneration or rewards, including commission, for soliciting or procuring insurance business. The Board directed creation of specific minor- and sub-heads under corporation tax and other income tax accounts to record such deductions, and ordered correction slips to accounting appendices and amendments to challan, budget estimate, and monthly collection reporting forms to implement the change.
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