07-10-2009, 05:21 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by shahidmobeen</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Farhan2009</i>
<br />Dear Frndz
I know, we do not deduct withholding tax on payments of Insurance Premium but i want to know the reference for non deduction of tax.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Please refer to circular No.1(25)IT-I/80 dated october 1, 1980.
the circular clearly exempt the insurance premium from withholding tax.
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Farhan2009</i>
<br />Dear Frndz
I know, we do not deduct withholding tax on payments of Insurance Premium but i want to know the reference for non deduction of tax.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Please refer to circular No.1(25)IT-I/80 dated october 1, 1980.
the circular clearly exempt the insurance premium from withholding tax.
