banner_ad

TDS on interest on Compensation

IPCC 350 views 4 replies
A person get compensation 2400000 it includes interest of Rs 1300000 (as per court order) is attract TDS ?if his family received that amount is TDS will attract?
Replies (4)
if the interest is on compensation awarded by motor accidents claim tribunal of an amount exceeding 50,000 then only required to deduct tds
& for others if more than 5000 then only required
to deduct tds

my opinion may be different if there is any circular regarding your question as far as provisions are concerned TDS is deductible
thank u so much
yes interest will attract TDS....not on accruing basis but when interest is ordered by court.
Thank u


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details