The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) in A.Naga Srinivas v.DCIT held that the advance received by the assessee towards his professional fee, when it is returned, is not covered by any of the provisions of Chapter XVIIB requiring TDS. The Assessee A.Naga Srinivas, an individual, deriving income from the activity of direction of […]
The post No TDS If Advance Received towards Professional Fee is Returned: ITAT quashes Re-Assessment appeared first on Taxscan | Simplifying Tax Laws.
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