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

IPO-related borrowing costs not interest; Sections 194A and 40(a)(ia) of Income Tax Act not applicable.

March 16, 2023

Case Laws Income Tax AT

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 ...

IPO-related borrowing costs not interest; Sections 194A and 40(a)(ia) of Income Tax Act not applicable.

March 16, 2023

Case Laws Income Tax AT

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