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Wheeling charges paid for transmission of electricity would attract TDS under sec. 194C instead of sec. 194J
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Corporate Tax
Wheeling charges paid for transmission of electricity would attract TDS under sec. 194C instead of sec. 194J
Posted on
on
January 30, 2015
Tenet Tax Daily January 28 2015
By
tenettax-team
Corporate Tax
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Brokerage paid to mobilize public deposit was revenue exp. if interest was payable on it and deposit had fixed term
No TDS credit available if assessee had failed to offer corresponding income to tax in relevant year
