Description:
Income subject to TDS – Assessee’s income being tax deductible at source under s.195, no interest under ss.234B and 234C could be charged.
Source:
1. www.icaihyd.org.
2. HYDERABAD BRANCH OF SIRC NEWSLETTER.Volume:12 Issue:8. August,2010,Page No.12
Our comment:
Interest U/s. 234B, 234C cannot be charged where the Assessee’s Income covered by TDS U/s.195
