Bank cannot be treated as assessee in default for non-deduction of TDS on foreign LTC covered by High Court interim order.
Bank cannot be treated as assessee in default for non-deduction of TDS on foreign LTC covered by High Court interim order. Issue Whether an assessee-bank can be treated as an “assessee in default” under Section 201 for not deducting tax at source (TDS) under Section 192 on Leave Travel Concession (LTC) reimbursements involving foreign travel,… Read More »