https://www.taxtmi.com/highlights?id=65830 TDS u/s 195 - reinsurance premium ceded to non-resident reinsurer is not taxable in India under the Income Tax Act, 1961 or under DTAA between India and respective countries where NRRs are tax residents and thus, on impugned payments the assessee is not liable to deduct TDS u/s.195 of the Income Tax Act, 1961. Consequently, payments made to NRR cannot be disallowed u/s.40(a)(i) of the Act, 1961. - AT en-us Tue, 27 Sep 2022 09:38:22 +0530 Tue, 27 Sep 2022 09:38:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65830 TDS u/s 195 - reinsurance premium ceded to non-resident reinsurer is not taxable in India under the Income Tax Act, 1961 or under DTAA between India and respective countries where NRRs are tax residents and thus, on impugned payments the assessee is not liable to deduct TDS u/s.195 of the Income Tax Act, 1961. Consequently, payments made to NRR cannot be disallowed u/s.40(a)(i) of the Act, 1961. - AT Highlights Income Tax Tue, 27 Sep 2022 09:38:22 +0530 https://www.taxtmi.com/highlights?id=65830