Wednesday, August 14, 2019

Interest accrued from date of claim till passing of award in motor accident claim not taxable as income

INCOME TAX : Interest awarded in motor accident claim cases from date of Claim Petition till passing of award or in case of Appeal, till judgment of High Court in such Appeal, would not be exigible to tax, not being an income. On any interest paid to him post judgment, tax had to be collected as income from other sources

from www.taxmann.com Latest Case Laws https://ift.tt/2YQuaNB

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