Section 194D - TDS on Insurance Commission

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.... business or * for continuance, renewal or revival of policies of insurance Time of Deduction - At the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier. Rate of TDS * Rate of TDS in case PAN is Quoted * When recipient is Resident person other than Company -&nb....

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....ims to insured, irrespective of whether the insurer can recover the same from his reinsurer. [ Refer GENERAL INSURANCE CORPORATION OF INDIA. VS. CIT - 2009 (2) TMI 234 - ITAT BOMBAY-G, PR. CIT Vs. TATA AIG GENERAL INSURANCE CO. LTD. 2019 (8) TMI 1803 - BOMBAY HIGH COURT ] * If the recipient does not furnish his PAN to the deductor, tax will be deducted at the rate o....