No TDS default under section 201 applies for EDC payments if payee satisfies first proviso conditions.
No TDS default under section 201 applies for EDC payments if payee satisfies first proviso conditions. Issue Whether the assessee can be treated as an assessee-in-default under section 201(1) and saddled with interest under section 201(1A) for non-deduction of TDS under section 194C on External Development Charges (EDC) paid to HUDA/HSVP on directions of DTCP,… Read More »