The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the circular issued by the Central Board of Direct Taxes ( CBDT ) clarifying that there is no need to deduct TDS on the Bank Guarantee Commission has retrospective application. The Assessing Officer disallowed the claim of the assessee by holding that […]
The post CBDT Circular clarifying No TDS for Bank Guarantee Commission has Retrospective Effect: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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