Tag Archives: Section 194A

MUDRA Income Notified for non deduction of TDS u/s 194A

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th August, 2016 No. 65 /2016 INCOME-TAX S.O. 2616(E).—In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961… Read More »

NO TDS u/s 194A on Interest awarded under Land Acquisition Act

Buy Latest Book on TDS HIGH COURT OF GUJARAT Movaliya Bhikhubhai Balabhai v. Income-tax Officer-TDS-1-Surat MS. HARSHA DEVANI AND G.R. UDHWANI, JJ. SPECIAL CIVIL APPLICATION NO. 17944 OF 2015 MARCH  31, 2016 Kushal V. Timbadia and Tushar L. Sheth, Advocates for the Petitioner. Hardik Vora, Asstt. Govt. Pleader and Sudhir M. Mehta, Sr. Standing Counsel… Read More »

No TDS on Provision of Interest u/s194A if provision reversed

Facts of the Case The appellant is an undertaking of the Government of Karnataka engaged in power transmission. The appellant purchases electricity from various parties by entering into power purchase agreements. For such purchases, when payment of purchase price is delayed, the agreements provide for payment of interest to suppliers of electricity by the appellant.… Read More »