TMI BlogNo Notional Interest Charged for Delayed Remittance by Sahara India Under Subscription Scheme.Taxability of notional interest - Sahara India was acting as assessee’s agent for collection of subscriptions under the Scheme - No notional interest could be charged in the hands of the assessee due to delayed remittance of collection made by its agent, Sahara India. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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