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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

TDS u/s 195 - The Supreme Court has clearly held that the ...


Supreme Court rules Section 195 TDS applies only to taxable sums; no tax liability, no TDS required.

December 16, 2015

Case Laws     Income Tax     HC

TDS u/s 195 - The Supreme Court has clearly held that the provisions relating to TDS would apply only to those sums which are chargeable to tax under the Income Tax Act and also has clearly held that in a transaction of this nature, the assessee was entitled to take a plea that there arises no tax liability and therefore, the provisions of Sec. 195 do not get attracted - HC

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