Delhi HC to Hear Case on Income Tax – TDS Applicability for EDC and Interest Payments to HUDA/DTCP on September 11, 2024 [Read Order]
The EDC paid to HUDA would not be liable for deduction of tax at source and accordingly the assessee cannot be treated as ‘assessee in default’ in terms of section 201(1) of the Act and no tax could be recovered from it for non-deduction of tax at source
The Delhi High Court will hear the case on the applicability of Income Tax – TDS for External Development Charges ( EDC ) and interest payments to Haryana Urban Development Authority ( HUDA ) /Director of Town and Country Planning ( DTCP ) on September 11, 2024. The Income Tax Appellate Tribunal ( ITAT )…
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