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Income Tax - Highlights / Catch Notes

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Credit of TDS - tds deducted on the interest income which ...


TDS Credit on Interest from Declared Investments Under Income Declaration Scheme 2016 Must Be Granted if Verified.

October 22, 2021

Case Laws     Income Tax     AT

Credit of TDS - tds deducted on the interest income which accrued the investments offered to tax under the ‘Income Declaration Scheme 2016’ - If after the necessary verification it is proved that the alleged IDS was deducted on the income/investment declared under IDS 2016 comprising of the principle amount of the investments and interest earned thereon, then the assessee should be allowed the benefit of tax deducted at source - AT

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