https://www.taxtmi.com/highlights?id=54938 Levying interest u/s 234C - Advance tax - Non-deduction of TDS by the payer - The interest income received by the assessee from IOCL was liable for deduction of tax at source, which however, was not done by the payer. Accordingly, tax deductible at source on the aforesaid amount of interest income - This amount had to be excluded from the tax due on the returned income for the purpose of computing the interest liability u/s 234C - AT en-us Mon, 28 Sep 2020 08:44:42 +0530 Mon, 28 Sep 2020 08:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54938 Levying interest u/s 234C - Advance tax - Non-deduction of TDS by the payer - The interest income received by the assessee from IOCL was liable for deduction of tax at source, which however, was not done by the payer. Accordingly, tax deductible at source on the aforesaid amount of interest income - This amount had to be excluded from the tax due on the returned income for the purpose of computing the interest liability u/s 234C - AT Highlights Income Tax Mon, 28 Sep 2020 08:44:42 +0530 https://www.taxtmi.com/highlights?id=54938