Tax liability of claim receipts from New india assurance co Ltd

Amount received after claiming the insurance of the vehicle involved in the accident

two persons died( wife and daughter)in accident and claimed credited to husband and other son and daughter


Amount received from new india assurance co. ltd after claiming the insurance of the vehicle involved in the accident.
As per 26 as tds deducted 93678.00 on 936780.00 section 194A

what is the tax liability
Replies (2)
Quick Summary
This discussion clarifies the tax implications of insurance claim receipts from New India Assurance Co Ltd, particularly when the claim involves a vehicle accident resulting in fatalities. It addresses the TDS (Tax Deducted at Source) already applied to the received amount and guides on how to claim a refund for the deducted TDS.

Tds already deducted
You have to claim refund of TDS.

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