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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Non-deduction of TDS on commission paid for sale of property - ...


Section 40(a)(ia) Disallowance on Commission for Property Sale Overturned; TDS Non-Deduction Not Applicable to Capital Gains.

February 12, 2021

Case Laws     Income Tax     AT

Non-deduction of TDS on commission paid for sale of property - Invoking provisions of section 40(a)(ia) while computing income under the head “Capital Gain” - the disallowance u/s.40(a)(ia) of the Act made by the revenue authorities cannot be sustained - AT

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