Deduction in compensation
ravikant
(Querist) 18 September 2010
This query is : Resolved
sir'insurance co.can deduct the income tax in workman compensation amount or interest? what effect U/S 9 w.c.act?
Ajay Bansal
(Expert) 21 September 2010
NO DEDUCTION OF INCOME TAX CAN BE MADE IN WORKMAN COMPENSATION AMOUNT OR ITS INTEREST.