Equivalent-value attachment survives prior release and environmental compensation where deposits may represent proceeds from alleged illegal mining ac...
Withdrawal of obsolete FEMA circulars streamlines rules on external commercial borrowings, non-resident bond investments, and money transfer sub-agent...
Rule 37BA(2) declaration requirements are procedural where a trust has offered interest income to tax and tax was deducted on that income under the trustee's PAN. The absence of the declaration or a corresponding Form 26AS entry in the trust's PAN does not, by itself, defeat substantive entitlement to TDS credit. Credit should be granted where the trust establishes that the income was included in its taxable return and the deducted tax relates to that income.
Rule 37BA(2) declaration requirements are procedural where a trust has offered interest income to tax and tax was deducted on that income under the trustee's PAN. The absence of the declaration or a corresponding Form 26AS entry in the trust's PAN does not, by itself, defeat substantive entitlement to TDS credit. Credit should be granted where the trust establishes that the income was included in its taxable return and the deducted tax relates to that income.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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