Tax liability of claim receipts from New india assurance co Ltd
sajeer k (accounts officer) (177 Points)
09 January 2021two persons died( wife and daughter)in accident and claimed credited to husband and other son and daughter
Amount received from new india assurance co. ltd after claiming the insurance of the vehicle involved in the accident.
As per 26 as tds deducted 93678.00 on 936780.00 section 194A
what is the tax liability