TDS u/s 194C or 194I - car rent expenses incurred by assessee - ...

Tax Tribunal Upholds Assessee's TDS Compliance on Car Rent, Deletes Disallowance u/ss 194C and 194I.

May 19, 2022

Case Laws Income Tax AT

TDS u/s 194C or 194I - car rent expenses incurred by assessee - variation in threshold limit - the assessee has deducted TDS u/s. 194I in respect of one of the lessor, from whom vehicle was taken on lease and that, the payment exceeded the threshold limit of ₹ 1,80,000/-. There is no malafide intention of assessee to evade tax. In respect of the remaining payments, the threshold limit did not exceed and therefore TDS need not have been deducted. We therefore direct the Ld.AO to delete the disallowance made in respect of the same. - AT

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TDS u/s 194C or 194I - car rent expenses incurred by assessee - ...

Tax Tribunal Upholds Assessee's TDS Compliance on Car Rent, Deletes Disallowance u/ss 194C and 194I.

May 19, 2022

Case Laws Income Tax AT

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