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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Revised return - withdrawing the claim of TDS credit and ...

Income Tax

December 16, 2019

Revised return - withdrawing the claim of TDS credit and reduction in corresponding professional income - Since the assessee is accounting his professional (actor) income on cash basis, the entire receipt including TDS has to be assessed in the respective assessment year. Therefore, the addition made in assessment year 2009-10 and 2014-15 are in accordance with law.

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