Bank Not at Fault for Not Deducting TDS if Customers Report Interest Income and Pay Taxes, Confirms AO.

Non deduction of TDS against the interest - if the AO is satisfied that both the customers have shown their interest income received from the assessee bank in their respective Return of Income and they have remitted the tax on it, then the assessee bank should not be treated as an assessee in default. - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X