Wednesday, April 29, 2020

PILCOM liable to pay TDS on Payments made to Foreign Sports Associations during ICC World Cup: SC [Read Judgment]

The Supreme Court has held that the payment made to the Non-Resident Sports Association is deemed to accrued or arisen in India so was liable to deduct Tax at Source in terms of Section 194E of the Income Tax Act, 1961. The assessee, Pak-Indo-Lanka, Joint Management Committee (PILCOM) which is a Committee formed by the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2xm124c

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