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Bikas Singh Redhu (adv)     08 October 2020

Mact claim amount taxabe or not

AMOUNT RECEIVED RS.650000/- ON ACCOUNT OF MACT CLAIM TDS HAS BEEN DEDUCTED RS.120000/- BY INSURENCE COMPANY, HOW CAN WE CLAIM THE TDS AMOUNT DEDUCTION UNDER WHICH SECTION OF INCOME TAX ACT


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 1 Replies

Adv Vinay Mathur + 8447131770 (Advocate)     08 October 2020

Insurance company can't deduct tax at source on the awarded compensation and interest accrued thereon.

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