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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Liability to deduction of TDS under Section 194(A) - whether the ...


High Court Rules Chit Dividends Not Interest Under Income Tax Act; Section 194(A) TDS Deduction Not Applicable.

July 2, 2015

Case Laws     Income Tax     HC

Liability to deduction of TDS under Section 194(A) - whether the chit dividend paid by the assessee to its customers would not amount to interest as defined under Section 2(28A)? - Section 194(A) of the Act has no application to such dividends - HC

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