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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Taxability of notional interest - Sahara India was acting as ...


No Notional Interest Charged for Delayed Remittance by Sahara India Under Subscription Scheme.

January 23, 2018

Case Laws     Income Tax     AT

Taxability of notional interest - Sahara India was acting as assessee’s agent for collection of subscriptions under the Scheme - No notional interest could be charged in the hands of the assessee due to delayed remittance of collection made by its agent, Sahara India. - AT

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