Sunday, March 1, 2020

TDS Default by SBI on LTC Payments: ITAT deletes Penalty

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ), on Friday deleted the penalty proceedings initiated by the tax department against the State bank of India ( SBI ) for not deducting TDS on LTC to its employees on travel outside India stating that there was a reasonable cause on the part […]

The post TDS Default by SBI on LTC Payments: ITAT deletes Penalty appeared first on Taxscan | Simplifying Tax Laws.



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