TDS u/s 194A - IPO - other borrowing cost and financial charges ...

Case Laws Income Tax

March 16, 2023

TDS u/s 194A - IPO - other borrowing cost and financial charges - Inasmuch as the liability is not depending upon the debt or CCDs, but contingent upon the happening of the IPO, such payment cannot be called as payment of interest. Consequently, the provisions under section 194A or 40(a)(ia) of the Act are not attracted. - AT

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TDS u/s 194A - IPO - other borrowing cost and financial charges ...

Case Laws Income Tax

March 16, 2023

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