Compensation paid to lender treated as interest - Disallowance ...

Lender's compensation treated as interest disallowed for non-deduction of TDS u/s 194A, added to taxable income.

September 7, 2012

Case Laws Income Tax AT

Compensation paid to lender treated as interest - Disallowance for non deduction of TDS u/s 194A - Liability for payment has neither accrued nor paid/payable in the current year therefore disallowed and added back - AT

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Compensation paid to lender treated as interest - Disallowance ...

Lender's compensation treated as interest disallowed for non-deduction of TDS u/s 194A, added to taxable income.

September 7, 2012

Case Laws Income Tax AT

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