Rs. 6.88 Crore TDS Demand on Aditya Birla Sun Life Insurance Quashed; ITAT Says No Tax Deduction Required on Overseas Reinsurance Premium | Biz Flow Kit
Rs. 6.88 Crore TDS Demand on Aditya Birla Sun Life Insurance Quashed; ITAT Says No Tax Deduction Required on Overseas Reinsurance Premium The Income Tax Appellate Tribunal (ITAT) Mumbai has held that reinsurance premiums remitted to foreign reinsurers having no Permanent Establishment in India cannot be treated as Fees for Technical Services or royalties merely…