TDS on interest - liability of paying tax is that of the ...

Creditor Liable for Tax on Interest; Debtor Must Deduct and Remit Tax, Revenue Can't Double Collect.

February 27, 2012

Case Laws Income Tax HC

TDS on interest - liability of paying tax is that of the creditor and a statutory duty is cast on the debtor to deduct tax and make payments. The revenue cannot collect tax on interest from both the principal and the agent. - HC

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TDS on interest - liability of paying tax is that of the ...

Creditor Liable for Tax on Interest; Debtor Must Deduct and Remit Tax, Revenue Can't Double Collect.

February 27, 2012

Case Laws Income Tax HC

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