Opportunity to respond to jurisdictional reports is mandatory before customs settlement duty enhancement; connected applications require consistent ad...
Specific customs headings for scaffolding components prevail over general classification, invalidating misclassification proceedings and enabling with...
Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
TDS u/s 194I - Transit Rent payable by the developer/ builder as Hardship Allowance / Rehabilitation Allowance / Displacement Allowance - Hardship due to dispossession - After considering Section 194(I) of the Income Tax Act and the arguments presented along with relevant ITAT decisions, the court ruled that "transit rent" should not be considered as a revenue receipt and is not liable to be taxed. Therefore, there is no requirement for TDS deduction from the amount payable by the developer to the tenant.
TDS u/s 194I - Transit Rent payable by the developer/ builder as Hardship Allowance / Rehabilitation Allowance / Displacement Allowance - Hardship due to dispossession - After considering Section 194(I) of the Income Tax Act and the arguments presented along with relevant ITAT decisions, the court ruled that "transit rent" should not be considered as a revenue receipt and is not liable to be taxed. Therefore, there is no requirement for TDS deduction from the amount payable by the developer to the tenant.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
