3 results for “TDS”+ Section 36(1)(vii)clear
Sorted by relevance
Appeals are allowed
Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA
TDS at 20% under Section 195(1) of the Act and also paid the same to Government account. However, according to the assessee, since it is a cost sharing agreement and payments were made by the assesee for reimbursement of cost/expenses, no 16 income is embedded therein. Therefore, the assessee is not liable to deduct tax under Section 195(1