TDS: Assessee- bank making provision for interest payable on notional basis No tax deductible under section 194A
Description: Bank of Maharashtra v.ITO[2010] 6 ITR [Ahd-Trib] 824 The board has clearly clarified the position and the facts are exactly identical In the present case that the interest credited as per notional entry was only provisioning in the accounts for the purposes of macro- monitoring and it was not actual credit or payment of […]
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