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TMI BlogTDS on Liquidated/Contractual damagesX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, As per facts of our client's case, they had entered into agreement with a power company for supply of solar power. The client had assured the power co. that whatever surplus power would ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be generated by the plant, the client would ensure that the power co. could supply same to the Grid and earn incomes. However, the client could not obtain necessary approvals as a result of which th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e power co. suffered losses. Now as per the contract, the client has to pay compensation to the power co. My question is whether TDS would be deductible on this compensation/liquidated damages? - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By Ganeshan Kalyani - The Reply = In my view, TDS is not applicable. - Reply By YAGAY andSUN - The Reply = There are plehthora of judgment on this matter. Income Tax Appellate Tribunal - Kol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... kata Eros Fashion Pvt Ltd., Kolkata vs Assessee on 20 November, 2015 = 2015 (11) TMI 1820 - ITAT KOLKATA - TDS on Liquidated/Contractual damages - Query Started By: - ROHIT GOEL Dated:- 16- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9-2020 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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