https://www.taxtmi.com/highlights?id=68749 TDS u/s 194A - IPO - other borrowing cost and financial charges - Inasmuch as the liability is not depending upon the debt or CCDs, but contingent upon the happening of the IPO, such payment cannot be called as payment of interest. Consequently, the provisions under section 194A or 40(a)(ia) of the Act are not attracted. - AT en-us Thu, 16 Mar 2023 08:39:32 +0530 Thu, 16 Mar 2023 08:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68749 TDS u/s 194A - IPO - other borrowing cost and financial charges - Inasmuch as the liability is not depending upon the debt or CCDs, but contingent upon the happening of the IPO, such payment cannot be called as payment of interest. Consequently, the provisions under section 194A or 40(a)(ia) of the Act are not attracted. - AT Highlights Income Tax Thu, 16 Mar 2023 08:39:32 +0530 https://www.taxtmi.com/highlights?id=68749