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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Non deduction of TDS u/s 194A - compensation (damages) paid in ...


Compensation for Plot Delivery Delays Not Subject to TDS u/s 194A, Deemed Non-Interest Payment.

January 19, 2016

Case Laws     Income Tax     AT

Non deduction of TDS u/s 194A - compensation (damages) paid in the form of interest by the appellant to various allottees for delays occurred in delivering the respective plots - the amount in question cannot be characterised as interest within the meaning of section 194A - AT

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