Supreme Court rules discounting charges not "interest" under Income Tax Act Section 2(28A); no TDS deduction required. https://www.taxtmi.com/highlights?id=3886 Discounting charges vs Interest - merely discount of the sale consideration on sale of goods, it was not “interest” u/s 2(28A) and there was no obligation to deduct TDS thereon - SC dismissed the SLP en-us Thu, 31 May 2012 13:37:31 +0530 Thu, 31 May 2012 13:37:31 +0530 TaxTMI RSS Generator Supreme Court rules discounting charges not "interest" under Income Tax Act Section 2(28A); no TDS deduction required. https://www.taxtmi.com/highlights?id=3886 Discounting charges vs Interest - merely discount of the sale consideration on sale of goods, it was not “interest” u/s 2(28A) and there was no obligation to deduct TDS thereon - SC dismissed the SLP Highlights Income Tax Thu, 31 May 2012 13:37:31 +0530 https://www.taxtmi.com/highlights?id=3886