Tag Archives: Secton 11(5)

Section 194N Income Tax :TDS on Payment of certain amounts in cash by Banks/Post offices

By | July 6, 2019

Section 194N Income Tax : Payment of certain amounts in cash Finance Act 2019 inserted Section 194N of Income Tax Act with effect from the 1st day of September, 2019: Payment of certain amounts in cash. This has been amended by Finance Act 2020  from 01.07.2020 (refer 1.6 below) 1.0 Video Explanation of Section 194N… Read More »

When Investment in FDR is treated as Application of Income u/s 11(5)

By | February 10, 2016

Where the surplus money has been so invested in the FDRs, the said investment is to be treated as application of income of the previous year in which such investment is made, in the hands of the assessee.? Held There has to be nexus between investment in FDRs and achievement of the charitable objects of… Read More »