TDS credit treated as income of the assessee - Nature of income ...

Case Laws Income Tax

December 29, 2022

TDS credit treated as income of the assessee - Nature of income - essentially the TDS credit now claimed by the assessee is in the nature of an additional income over and above the RPC fee the assessee was entitled to receive under the contract. Thus, it is an additional item of income which has not suffered tax at the hands of the assessee. Therefore, the issue arising for consideration is, what is the nature of such income at the hands of the assessee. - AT

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TDS credit treated as income of the assessee - Nature of income ...

Case Laws Income Tax

December 29, 2022

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