Tag Archives: exempt

Payer not Liable to Deduct TDS if Payee income is exempt

By | January 28, 2016

Facts of the Case The assessee has paid an interest of Rs. 16,24,072/- in the Assessment Year 2011-12, Rs. 20,83,546/- in the Assessment Year 2012-13 & Rs. 25,33,431/- in the Assessment Year 2013-14 . The assessee contended before the Assessing Officer that tax was not deducted in respect of payment to Visvesvaraya Technological University as… Read More »