TMI BlogUS Court-Approved Settlement Faces 30% Income Tax Deduction Upon Transfer to Escrow Account.Taxability on the Settlement Amount payable under the Stipulation pursuant to the judgment and Final approval of the US Court - applicant is required to deduct income-tax @ 30% when the settlement amount moves from the segregated account to the initial escrow account. - AAR ..... X X X X Extracts X X X X X X X X Extracts X X X X
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