TMI BlogTDS liability on forfeiture of advance security against rent - When assessee made the payment of...TDS liability on forfeiture of advance security against rent - When assessee made the payment of refundable security, as per circular, he was not supposed to deduct the tax at source. The security was paid in order to cover such type of unforeseen circumstances. - No TDS liability - Allowed as revenue expenditure - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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