TDS credit u/s 199 - The subscription amount is the income of ...

Income Tax

April 28, 2021

TDS credit u/s 199 - The subscription amount is the income of M/s.Sun TV Network Limited and as such, the same is taxable in the hands of M/s.Sun TV Network Limited. The levy of tax on the respondent – assessee would amount to double taxation. - As rightly contended by the learned senior counsel appearing for the respondent, since the amended provision Rule 37BA(2)(i) came into effect only on 01.11.2011, the same is not applicable to the cases on hand. Appellate Tribunal was right in holding that the assessee is eligible for TDS credit. - HC

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TDS credit u/s 199 - The subscription amount is the income of ...

Income Tax

April 28, 2021

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