Tds on interest awarded by court
This query is : Resolved
ASHVIN KHANDEKAR
(Querist)
22 May 2014
whether TDS is deductible under section 194A for Interest payable to claiment as per court order on insurance claim.
Rupesh Jain
(Expert)
22 May 2014
yes if intt limit is cross then you have to deduct TDS @ 10% u/s 194A
Message likes :
1 times
Nikhil Kaushik
(Expert)
22 May 2014
you may go through this case law to have a better understanding:
https://taxguru.in/income-tax-case-laws/tds-interst-delayed-compenation-award-motor-vehicle-act.html
https://taxguru.in/income-tax-case-laws/tds-interst-delayed-compenation-award-motor-vehicle-act.html
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Tax on Amount transferred in HUF Account
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
