Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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 
of 4788
Join Channel
TaxTMI 
