Tag Archives: Section 194A

Non filing of 15G/15H would not invoke disallowance u/s 40(a)(ia)

By | November 2, 2016

Held ”Since separate provisions were prescribed on default for non-filing or delayed filing of Form 15G/15H to Commissioner. non filing of such form would not invoke disallowance under section 40(a)(ia) and that where person responsible to deduct TDS received declaration in form 15G/form 15h non-filing or delayed filing of such form before Commissioner would not… Read More »

MUDRA Income Notified for non deduction of TDS u/s 194A

By | August 8, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th August, 2016 No. 65 /2016 INCOME-TAX S.O. 2616(E).—In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961… Read More »

NO TDS u/s 194A on Interest awarded under Land Acquisition Act

By | June 14, 2016

Buy Latest Book on TDS HIGH COURT OF GUJARAT Movaliya Bhikhubhai Balabhai v. Income-tax Officer-TDS-1-Surat MS. HARSHA DEVANI AND G.R. UDHWANI, JJ. SPECIAL CIVIL APPLICATION NO. 17944 OF 2015 MARCH  31, 2016 Kushal V. Timbadia and Tushar L. Sheth, Advocates for the Petitioner. Hardik Vora, Asstt. Govt. Pleader and Sudhir M. Mehta, Sr. Standing Counsel… Read More »

Factoring charges on sales cannot be termed as interest u/s 194A

By | June 1, 2016

HIGH COURT OF DELHI Principal Commissioner of Income-tax-06 v. M Sons Gems N Jewellery (P.) Ltd. S. MURALIDHAR AND VIBHU BAKHRU, JJ. IT APPEAL NO. 9 OF 2016 APRIL  25, 2016 Rahul Chaudhary, Sr. Standing Counsel for the Appellant. Kapil Goel, Adv. for the Respondent. JUDGMENT 1. This appeal by the Revenue is against the… Read More »

No TDS on Provision of Interest u/s194A if provision reversed

By | March 28, 2016

Facts of the Case The appellant is an undertaking of the Government of Karnataka engaged in power transmission. The appellant purchases electricity from various parties by entering into power purchase agreements. For such purchases, when payment of purchase price is delayed, the agreements provide for payment of interest to suppliers of electricity by the appellant.… Read More »