New Delhi, Feb 1 (IANS) In a major relief initiative for victims of road accidents and their families, Union Finance Minister Nirmala Sitharaman announced during the presentation of the Union Budget for 2026-27 on Sunday that the interest accrued on motor accident compensation claims will be fully exempt from income tax. This proposal, aimed at ensuring victims receive the complete amount without deductions, also eliminates Tax Deducted at Source (TDS) on such interest payments. The announcement…
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