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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Accrual of income - Additions based on TDS statements - The ...


Income previously taxed cannot be retaxed upon receipt; source tax deduction doesn't classify it as income.

July 20, 2020

Case Laws     Income Tax     AT

Accrual of income - Additions based on TDS statements - The receipt of consideration of income, which has been already offered for taxation in earlier years, received in this year, naturally cannot suffer tax once again. This amounts to double taxation in the hands of the assessee. - Just because the payer has deducted tax at source, it cannot become the income of recipient automatically.

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