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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Non deduction of TDS u/s 195 - if payee had taken into account ...


No Penalties for Assessee if Payee Declares Interest Income and Files Tax Return u/s 40(a)(ia).

May 20, 2017

Case Laws     Income Tax     AT

Non deduction of TDS u/s 195 - if payee had taken into account the interest paid by the assessee while computing their taxable income and had filed their return, then assessee cannot be visited with rigours of Sec. 40(a)(ia) - AT

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