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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Taxability of amount on which TDS credit has been claimed - ...

Income Tax

June 14, 2018

Taxability of amount on which TDS credit has been claimed - Merely because TDS has been deducted, advances cannot be treated as income - as the assessee has claimed TDS on the advance, hence the TDS amount is deemed to be the income received during the year.

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