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Payer can’t escape TDS liability on basis of Form 15G if amount of interest exceeds basic exemption limit of payee

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  • Payer can’t escape TDS liability on basis of Form 15G if amount of interest exceeds basic exemption limit of payee
Posted onon September 25, 2015

Tenet Tax Daily September 23 2015

By tenettax-team
Corporate Tax

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Income in Form 26AS doesn’t show that it belongs to assessee if fraudster obtained it in assessee’s name
Sum paid to purchase software isn’t royalty as there is no transfer of copyright or patent of software product

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