Tuesday 21 April 2015

No interest for default in payment of advance tax by NR when all its receipts from payee were subjec

IT : Where assessees were non-resident companies, entire tax was to be deducted at source on payments made by payer to it and there was no question of payment of advance tax by assessees; therefore, revenue could not charge any interest under section 234B from assessees

No comments:

Post a Comment