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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

As the subscription collected by the assessee from various cable ...


Assessee's Subscription Fees from Cable Operators Not Income; Entitled to TDS Credit u/s 199.

December 19, 2013

Case Laws     Income Tax     AT

As the subscription collected by the assessee from various cable operators is not the income of the assessee, the same is not shown in Profit & Loss account - The assessee is remitting the gross amount to M/s. Sun TV Network Ltd., the assessee is entitled to receive credit of the tax deducted at source u/s. 199 - AT

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