Grossing Up Rule: Tax Paid by Assessee for University of Warwick Must Be Added to University's Income u/s 195A.

Grossing Up Rule: Tax Paid by Assessee for University of Warwick Must Be Added to University's Income u/s 195A. https://www.taxtmi.com/highlights?id=41164 Principle of grossing up u/s 195A - TDS u/s 195 - the obligation to pay the tax is on the University of Warwick and since the assessee in terms of the agreement agreed to pay the taxes, the same has to be necessarily added to the income of the University of Warwick and therefore, the principle of grossing up has to be applied. en-us Sat, 01 Sep 2018 08:46:17 +0530 Sat, 01 Sep 2018 08:46:17 +0530 TaxTMI RSS Generator Grossing Up Rule: Tax Paid by Assessee for University of Warwick Must Be Added to University's Income u/s 195A. https://www.taxtmi.com/highlights?id=41164 Principle of grossing up u/s 195A - TDS u/s 195 - the obligation to pay the tax is on the University of Warwick and since the assessee in terms of the agreement agreed to pay the taxes, the same has to be necessarily added to the income of the University of Warwick and therefore, the principle of grossing up has to be applied. Highlights Income Tax Sat, 01 Sep 2018 08:46:17 +0530 https://www.taxtmi.com/highlights?id=41164