Section 194C of Income Tax Act Now Includes AOPs: Trusts Must Deduct TDS to Avoid Penalties.

Section 194C of Income Tax Act Now Includes AOPs: Trusts Must Deduct TDS to Avoid Penalties. https://www.taxtmi.com/highlights?id=47762 Disallowance u/s 40(a)(ia) - TDS u/s 194C - the explanatory memorandum makes it clear that the scope of sec.194C was extended to cover Association of Persons from 1st June 2008 - It may be pertinent to note that the Trusts file their return of income under the category of “Association of Persons” only - assessees liable to deduct TDS en-us Mon, 08 Jul 2019 07:53:27 +0530 Mon, 08 Jul 2019 07:53:27 +0530 TaxTMI RSS Generator Section 194C of Income Tax Act Now Includes AOPs: Trusts Must Deduct TDS to Avoid Penalties. https://www.taxtmi.com/highlights?id=47762 Disallowance u/s 40(a)(ia) - TDS u/s 194C - the explanatory memorandum makes it clear that the scope of sec.194C was extended to cover Association of Persons from 1st June 2008 - It may be pertinent to note that the Trusts file their return of income under the category of “Association of Persons” only - assessees liable to deduct TDS Highlights Income Tax Mon, 08 Jul 2019 07:53:27 +0530 https://www.taxtmi.com/highlights?id=47762