TDS exemption on dividends: retrospective exclusion for payments to business trusts and notified entities. The amendment to section 194 inserts clauses excluding from TDS dividend payments credited or paid to a business trust by a special purpose vehicle as described in the Explanation to clause (23FC) of section 10, and to any person notified by the Central Government; these exclusions operate retrospectively from 1 April 2020 and limit withholding obligations under the second proviso to section 194.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TDS exemption on dividends: retrospective exclusion for payments to business trusts and notified entities.
The amendment to section 194 inserts clauses excluding from TDS dividend payments credited or paid to a business trust by a special purpose vehicle as described in the Explanation to clause (23FC) of section 10, and to any person notified by the Central Government; these exclusions operate retrospectively from 1 April 2020 and limit withholding obligations under the second proviso to section 194.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
