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Income Tax - Highlights / Catch Notes

Home Highlights July 2018 Year 2018 This

TDS credit - AO directed to allow the credit of the TDS ...


Tax Officer to Allow TDS Credit for Firms Succeeded by Companies When Income Recognized in Subsequent Year.

July 30, 2018

Case Laws     Income Tax     AT

TDS credit - AO directed to allow the credit of the TDS available in the account of the assessee firm which has ceased to exist due to the succession of the business activity by the company in the subsequent year whenever the said receipt or part of the receipt is recognized as income by the company.

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