No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]

By Taxscan Team - On August 18, 2022 4:40 pm - 2 mins read
TDS Deduction - Insurance Companies - Punjab and Haryana HC - taxscan

In a major relief to those who are yet to receive long-pending insurance claims with interest, the Punjab and Haryana High Court has held that TDS cannot be deducted by the insurance companies on the interest on the compensation amount till 1.06.2015. Justice Arvind Singh Sangwan was considering a revision petition by  the New India…

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