Discounting charges vs Interest - merely discount of the sale ...

Supreme Court rules discounting charges not "interest" under Income Tax Act Section 2(28A); no TDS deduction required.

May 31, 2012

Case Laws Income Tax SC

Discounting charges vs Interest - merely discount of the sale consideration on sale of goods, it was not “interest” u/s 2(28A) and there was no obligation to deduct TDS thereon - SC dismissed the SLP

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Discounting charges vs Interest - merely discount of the sale ...

Supreme Court rules discounting charges not "interest" under Income Tax Act Section 2(28A); no TDS deduction required.

May 31, 2012

Case Laws Income Tax SC

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