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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Tds u/s 194A - interest for late payment - interest was not ...

Case Laws     Income Tax

March 22, 2017

Tds u/s 194A - interest for late payment - interest was not actually in the nature of interest which was paid on the loan taken but actually it is of nature of purchase cost of asphalt (bitumen) as the impugned amount has been paid in the course of making purchases - No TDS liability - AT

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