TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Payer may seek Section 195 refund within 30 days of tax paid on non-interest income; AO must decide six months</h1> Where a written agreement provides that the payer, not the payee, will bear the tax deductible under section 195 on non-interest income, and the payer has paid that tax to the Government but contends no deduction was required, the payer may apply to the Assessing Officer for a refund within 30 days of payment in the prescribed form and manner. The Assessing Officer must allow or reject the application in writing after affording the applicant an opportunity of hearing and may make necessary inquiries; the order must be issued within six months from the end of the month in which the application was received.
TaxTMI 
TaxTMI 
