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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

TDS - once recipient has paid the taxes on the receipts, the ...


Payer not in default for missing TDS if recipient paid taxes; interest applies from due to actual payment date.

January 28, 2014

Case Laws     Income Tax     AT

TDS - once recipient has paid the taxes on the receipts, the payer cannot be held to be the assessee in default - Interest is applicable for the period of the date on which tax was required to be deducted till the date when tax was eventually paid. - AT

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