No default under section 201(1) for non-deduction of TDS on foreign LTC operating under binding High Court interim stay.
No default under section 201(1) for non-deduction of TDS on foreign LTC operating under binding High Court interim stay. Issue Whether an assessee-bank can be treated as an “assessee in default” under section 201(1) of the Income-tax Act, 1961, for failing to deduct tax at source (TDS) on Leave Travel Concession (LTC/LFC) reimbursements involving foreign… Read More »