Appellant Not Required to Deduct Tax on Interest u/s 194A; Gross Receipts Below Section 44AB Limits.

Appellant Not Required to Deduct Tax on Interest u/s 194A; Gross Receipts Below Section 44AB Limits. https://www.taxtmi.com/highlights?id=54668 TDS u/s 194A - non deduction of tds on such interest expenses - once the exempted income is excluded from the total income, then the gross receipts from business carried on by it shall not exceed the monetary limits specified u/s 44AB during the financial year - As a consequence, the appellant would not be liable to deduct tax u/s 194A - AT en-us Tue, 08 Sep 2020 10:37:00 +0530 Tue, 08 Sep 2020 10:37:00 +0530 TaxTMI RSS Generator Appellant Not Required to Deduct Tax on Interest u/s 194A; Gross Receipts Below Section 44AB Limits. https://www.taxtmi.com/highlights?id=54668 TDS u/s 194A - non deduction of tds on such interest expenses - once the exempted income is excluded from the total income, then the gross receipts from business carried on by it shall not exceed the monetary limits specified u/s 44AB during the financial year - As a consequence, the appellant would not be liable to deduct tax u/s 194A - AT Highlights Income Tax Tue, 08 Sep 2020 10:37:00 +0530 https://www.taxtmi.com/highlights?id=54668