Tds on compensation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2016
Dear Experts,
One of our employee was death
During the working in factory however
It was decided that Rs. 3 Lakh will be
Paid to employee's family as compensation. Plz let me know weather TDS will attract on this compensation paid to employee family if yes how much
Thanx & Regard
Sanjay kushwah
One of our employee was death
During the working in factory however
It was decided that Rs. 3 Lakh will be
Paid to employee's family as compensation. Plz let me know weather TDS will attract on this compensation paid to employee family if yes how much
Thanx & Regard
Sanjay kushwah
CA SUNIL K GARG
(Expert)
28 April 2016
No TDS will be deducted as it not covered under any of the provisions of chapter XVII B of the Income Act, 1961.
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