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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Claiming TDS credit whereas interest income was not recognized ...


Court Rules TDS Amount is Income, But Taxpayer Can't Claim TDS Credit Now Due to Cash Basis Accounting.

September 1, 2014

Case Laws     Income Tax     HC

Claiming TDS credit whereas interest income was not recognized following cash basis of accounting - TDS amount deserves to be treated as income - but tds credit cannot be claimed at this time - HC

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