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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Non deduction of TDS on guarantee commission paid to Bank - CBDT ...


CBDT Circular: No TDS Deduction Required on Guarantee Commission Paid to Banks, Retrospective Relief for Assessees u/s 40(a)(ia.

January 28, 2019

Case Laws     Income Tax     AT

Non deduction of TDS on guarantee commission paid to Bank - CBDT Circular removing the hardship in favour of the assessee has to be treated as retrospective - No disallowance u/s 40(a)(ia) can be made for non deduction of TDS.

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