TDS u/s 193 - Non-deduction of TDS on the interest expenses ...

No TDS Deduction Required on Interest from Deep Discount Bonds if No Expense Incurred by Assessee u/s 193.

January 11, 2021

Case Laws Income Tax AT

TDS u/s 193 - Non-deduction of TDS on the interest expenses incurred on deep discount bonds - If the assessee is not incurring any expense, the question of income in the hands of the payee does not arise. Accordingly, the provisions for deducting the TDS as provided under “Chapter XVII, B- Deduction at source” of the Act will not be attracted. - AT

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TDS u/s 193 - Non-deduction of TDS on the interest expenses ...

No TDS Deduction Required on Interest from Deep Discount Bonds if No Expense Incurred by Assessee u/s 193.

January 11, 2021

Case Laws Income Tax AT

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