Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Transfer of funds by assessee from its Indian bank account to its own foreign bank account does not attract TDS obligations u/s 195, as the provisions mandate TDS deduction only when payment is made to another person. Since the remittance was not to any other person but to assessee's own account, Section 195 is inapplicable. Consequently, assessee cannot be treated as "assessee in default" u/s 201 for non-deduction of TDS on such remittance.
Transfer of funds by assessee from its Indian bank account to its own foreign bank account does not attract TDS obligations u/s 195, as the provisions mandate TDS deduction only when payment is made to another person. Since the remittance was not to any other person but to assessee's own account, Section 195 is inapplicable. Consequently, assessee cannot be treated as "assessee in default" u/s 201 for non-deduction of TDS on such remittance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
