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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