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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

MAT computation - Addition towards not deducting the waived ...

Income Tax

December 11, 2018

MAT computation - Addition towards not deducting the waived interest amount of under ‘one time settlement’ for computing book profit u/s 115JB - sick industrial company - the assessee’s case falls under clause (vii) of explanation (1) to section 115JB - No additions.

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  6. Refusal to waive interest u/s 234A, 234B and 234C - disallowance for want of deduction of tax at source u/s 40(a)(ia) - interest cannot be waived - HC

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  10. Excess amount paid by the deductor towards deducted at source (TDS) shall be refunded subject to certain safeguards

 

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