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
 
Reply   
 

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


LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  


 

  Search Forum








×

Menu

Post a Suggestion for LCI Team
Post a Legal Query
CrPC MASTERCLASS!     |    x