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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

TDS u/s 194A - non deduction of tds on such interest expenses - ...


Appellant Not Required to Deduct Tax on Interest u/s 194A; Gross Receipts Below Section 44AB Limits.

September 8, 2020

Case Laws     Income Tax     AT

TDS u/s 194A - non deduction of tds on such interest expenses - once the exempted income is excluded from the total income, then the gross receipts from business carried on by it shall not exceed the monetary limits specified u/s 44AB during the financial year - As a consequence, the appellant would not be liable to deduct tax u/s 194A - AT

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