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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

TDS on interest - interest incomes are not liable to be taxed in ...


Interest Income Exempt from Taxation u/s 12AA; No Tax Deduction at Source Required for Bank Assessee.

September 4, 2015

Case Laws     Income Tax     AT

TDS on interest - interest incomes are not liable to be taxed in view of the Registration u/s 12AA - When the interest income is not liable for taxation, there is no obligation on the part of the assessee bank to make deduction of tax at source. - AT

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