The Income Tax Appellate Tribunal ( ITAT ), Kolkata has held that the finance charges to Non-Banking Financial Companies (NBFCs) are not subject to Tax Deduction at Source ( TDS ) under the provisions of section 194A of the Income Tax Act. The assessee has debited in his profit and loss account an aggregate sum […]
The post Finance Charges paid to NBFCs not subject to TDS: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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