https://www.taxtmi.com/highlights?id=63303 TDS liability on Insurance companies - TDS u/s 194A -Taxability of interest awarded by the Motor Accident Claim Tribunal - Period is from the date of the Claim Petition till the passing of the award or the judgment. - The interest awarded by the Motor Accident Claim Tribunal u/s 171 of the Motor Vehicles Act 1988 is not taxable under the Income Tax Act, 1961. - The question of deduction of tax at source would arise only if the payment is in the nature of income of the payee. - HC en-us Fri, 06 May 2022 08:32:47 +0530 Fri, 06 May 2022 08:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63303 TDS liability on Insurance companies - TDS u/s 194A -Taxability of interest awarded by the Motor Accident Claim Tribunal - Period is from the date of the Claim Petition till the passing of the award or the judgment. - The interest awarded by the Motor Accident Claim Tribunal u/s 171 of the Motor Vehicles Act 1988 is not taxable under the Income Tax Act, 1961. - The question of deduction of tax at source would arise only if the payment is in the nature of income of the payee. - HC Highlights Income Tax Fri, 06 May 2022 08:32:47 +0530 https://www.taxtmi.com/highlights?id=63303