Disallowance of interest paid to Head Office - Non deduction of ...

Case Laws Income Tax

April 19, 2024

Disallowance of interest paid to Head Office - Non deduction of TDS - assessee submitted that Assessing Officer held that interest income is taxable under DTAA at 10% in the hands of the HO and disallowed the claim of deduction on account of non-deduction of tax which is allegedly deductible at source - The tribunal allowed the deduction of interest payments made by the Indian branch to its Head Office and overseas branches.

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Disallowance of interest paid to Head Office - Non deduction of ...

Case Laws Income Tax

April 19, 2024

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