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Excess money refunded on cancellation of booking of flats couldn’t be held as interest for purpose of sec. 194A TDS
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Corporate Tax
Excess money refunded on cancellation of booking of flats couldn’t be held as interest for purpose of sec. 194A TDS
Posted on
on
November 24, 2015
Tenet Tax Daily November 24 2015
By
tenettax-team
Corporate Tax
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No TP adjustment on pretext of outstanding receivables when working capital adjustment is already made
Advance received by lawyers on legal matters can’t be treated as income till completion of case
