TDS exemption for interest on motor-accident compensation clarified where amounts remain below the specified annual threshold. An amendment exempts from TDS interest on compensation awarded by the Motor Accidents Claims Tribunal where such interest, or the aggregate credited or paid during the financial year, does not exceed fifty thousand rupees, inserting a new exception into the withholding provision and operating from the specified commencement date.
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TDS exemption for interest on motor-accident compensation clarified where amounts remain below the specified annual threshold.
An amendment exempts from TDS interest on compensation awarded by the Motor Accidents Claims Tribunal where such interest, or the aggregate credited or paid during the financial year, does not exceed fifty thousand rupees, inserting a new exception into the withholding provision and operating from the specified commencement date.
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