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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

As the amount of interest on which tax has been withheld is not ...


Taxpayer Cannot Claim TDS Credit on Interest Income Not Taxable This Year.

September 29, 2016

Case Laws     Income Tax     AT

As the amount of interest on which tax has been withheld is not chargeable to tax in the instant year, the assessee cannot equally be allowed credit for TDS on such interest income against other income - AT

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