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Interest Payments to Overseas Branches Exempt from TDS u/s 40(a)(i) Due to Mutuality Principle.

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Full Text of the Document

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....No disallowance u/s 40(a)(i) can be made on the payment of interest paid to the head office / overseas branches as the same is not taxable, being payment to self on the ground of principles of mutuality and no TDS was required to be deducted - AT....

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