Tds on interest awarded by court
This query is : Resolved
22 May 2014
whether TDS is deductible under section 194A for Interest payable to claiment as per court order on insurance claim.
22 May 2014
yes if intt limit is cross then you have to deduct TDS @ 10% u/s 194A
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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
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