Monday, July 27, 2020

No TDS on Payment to Non-Resident Indian for Purchase of Raw Material: ITAT grants relief to Honda Cars India

The Income Tax Appellate Tribunal (ITAT), Delhi bench has recently deleted an addition against Honda Cars India holding that the provisions of deduction of tax at source (TDS) would not be applicable in case of payments made to non-resident Indian for the purchase of raw materials. Earlier, the Transfer Pricing Officer, Kanpur passed an order […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3f28wsP

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