High Court: Insurance Companies Can't Deduct Tax on Interest from Motor Accident Claims u/s 194A.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....TDS u/s 194A on interest accrued on awarded amount - Motor Accident Claims - Insurance Company is not justified in deducting at source - it is for the Insurance Company to approach the Income Tax Department for refund and not the original claimants. - HC....