Insurance Company Will Pay TDS In Accident Cases If Interest On Compensation Is Paid Before June 2015: Punjab and Haryana High Court Decisions
According to Justice Arvind Sangwan of the Punjab and Haryana High Court, if the interest on compensation was paid before June 1, 2015, the day the Income Tax Act was modified, the insurance company would have to refund the amount of tax deducted at source (TDS) to claimants in automobile accident cases.Additionally, it has been