Bank Liable for TDS Non-Deduction and Interest on Leave Fare Concession Involving Foreign Travel
Bank Liable for TDS Non-Deduction and Interest on Leave Fare Concession Involving Foreign Travel Issue Whether a bank can be treated as an “assessee in default” under section 201 of the Income-tax Act and held liable for consequential interest under section 201(1A) for failing to deduct tax at source (TDS) on Leave Fare Concession (LFC)… Read More »

