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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Interest payment under Section 201(1A) - when the assessment qua ...


Interest on late TDS payment stops if payee companies are assessed and found not liable for tax u/s 201(1A).

August 14, 2015

Case Laws     Income Tax     HC

Interest payment under Section 201(1A) - when the assessment qua the payee companies was completed and it was held that both the companies were not liable to pay any tax, the liability to pay interest upon the late payment of TDS by assessee would stop running - HC

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