Tag: TDS

No Disallowance on account of Non-Deduction of TDS u/s 194C on individual not subject to Tax Audit: ITAT

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No Disallowance on account of Non-Deduction of TDS u/s 194C on individual not subject to Tax Audit: ITAT The facts, in brief, are that the assessee in the present case is an individual and is a proprietor of the firm namely M/s Vijay trading Co. and Vasuki Trading Co. The assessee is also a partner…

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Finance

ITAT restricts Non TDS Deduction disallowance to 30%

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Amendment bought to remove hardship retrospective: ITAT restricts Non TDS Deduction disallowance to 30% The facts in brief are that the assessee in the present case is an individual and engaged in the trading business of wheat, groundnut, seeds of groundnut. The assessee in the year under consideration has incurred go-down rent expenses amounting to…

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Finance