{"id":26866,"date":"2022-05-04T21:47:33","date_gmt":"2022-05-04T16:17:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/oriental-insurance-company-ltd-v-abdul-rehman-lone-2022-28-4-taxman-125-jk-ladakhhc\/"},"modified":"2022-05-04T21:47:33","modified_gmt":"2022-05-04T16:17:33","slug":"oriental-insurance-company-ltd-v-abdul-rehman-lone-2022-28-4-taxman-125-jk-ladakhhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/oriental-insurance-company-ltd-v-abdul-rehman-lone-2022-28-4-taxman-125-jk-ladakhhc\/","title":{"rendered":"Oriental Insurance Company Ltd. v. Abdul Rehman Lone (2022) 28 4 Taxman 125 (J&#038;K &#038; Ladakh)(HC)"},"content":{"rendered":"<p>Application was filed on behalf of applicants\/claimants seeking release of 20 per cent TDS deducted by non-applicant\/Insurance Company on account of interest earned on awarded amount. Allowing the application\u00a0 it was found that proportionate valuation of entitlement of interest amount to awarded amount was only Rs. 7000 per claimant, i.e. below threshold limit of Rs. 50,000 which could be taxable by application of section 194A(3)(ixa) of the Act.\u00a0 Registry was \u00a0directed to release amount deposited by Insurance Company, on account of deduction of tax on interest amount in favour of applicants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 194A : Deduction at source-Interest other than interest on securities-Entitlement of interest amount to awarded amount was only Rs. 7000 per claimant. i.e. below threshold limit of Rs. 50,000-Directed to release the amount without deduction of tax at source. [S. 194(3)(ixa)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-26866","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Zk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=26866"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26866\/revisions"}],"predecessor-version":[{"id":26867,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26866\/revisions\/26867"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}