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![Interest awarded by MACT will be exempted from Income Tax: FM [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122863-interest-awarded-mact-exempted-income-tax-fm-taxscan.webp "Interest awarded by MACT will be exempted from Income Tax: FM [Read Finance Bill 2026]")
Interest awarded by MACT will be exempted from Income Tax: FM [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026–27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February...
![ITRs are Authentic Proof of Income in MACT Claims: Calcutta HC enhances Compensation from ₹15 Lakh to ₹39 Lakh [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114143-itr-authentic-proof-income-mact-claims-calcutta-hc-enhances-compensation-taxscan.webp "ITRs are Authentic Proof of Income in MACT Claims: Calcutta HC enhances Compensation from ₹15 Lakh to ₹39 Lakh [Read Order]")
![Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Return-computing-Loss-Income-MACT-Claim-Gujarat-HC-taxscan.jpeg "Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC [Read Order]")
![No TDS applicable on Interest awarded by Motor Accident Claims Tribunals: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/TDS-Motor-Accident-Claims-Tribunals-Gujarat-High-Court-Taxscan.jpeg "No TDS applicable on Interest awarded by Motor Accident Claims Tribunals: Gujarat HC [Read Order]")
![Supreme Court directs Govt to look into Money deducted from Motor Accident Compensation Awards as TDS lying as Unclaimed Refunds with respect to Claimants who are not Income Tax Assessees [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Supreme-Court-motor-accident-compensation-awards.jpeg "Supreme Court directs Govt to look into Money deducted from Motor Accident Compensation Awards as TDS lying as Unclaimed Refunds with respect to Claimants who are not Income Tax Assessees [Read Order]")
![Supreme Court dismisses plea challenging TDS on Interest payable under an Award of MACT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/SC-plea-challenging-TDS-Interest-Payable-MACT-Taxscan.jpeg "Supreme Court dismisses plea challenging TDS on Interest payable under an Award of MACT [Read Order]")
“Interest Received as part of Enhanced Accident Compensation” is a Capital Receipt for the Purpose of Income Tax, Hence not Taxable; ITAT Ahmedabad [Read Order]
The Income Tax Appellate Tribunal, Ahemdabad in a recent ruling held that the interest amount received by the assessee as part of enhanced accident compensation is not chargeable to income tax since...
![“Interest Received as part of Enhanced Accident Compensation” is a Capital Receipt for the Purpose of Income Tax, Hence not Taxable; ITAT Ahmedabad [Read Order]](/images/placeholder.jpg "“Interest Received as part of Enhanced Accident Compensation” is a Capital Receipt for the Purpose of Income Tax, Hence not Taxable; ITAT Ahmedabad [Read Order]")
Compensation of MACT shall not come under the ambit of ‘Income’, TDS cannot be deducted for Compensation; Madras HC [Read Judgment]
In a landmark ruling, the Madras High Court held that TDS cannot be deducted from Compensations that has been awarded by Motor Accidents Claims Tribunal(MACT). The Court was considering the question...
