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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

TDS u/s 194I or 194J - payment made by the assessee to M/s. Sify ...

Income Tax

August 22, 2017

TDS u/s 194I or 194J - payment made by the assessee to M/s. Sify Ltd. towards internet charges - the said amendment was made by Finance Act, 2012 w.r.e.f. 01.6.1976. Thus, as per existing provision, when the assessee made the payment there was no liability to deduct tax at source by treating it as royalty. The amendment made with retrospective effect cannot fasten liability on the assessee.

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