source of income was, inter alia, interest income. In respect of the interest income, tax was required to be deducted ... thereof in 'interest receivable and interest payable accounts' of the parties, the tax became deductible at source at the time when
assessees source of income was, inter alia, interest income. In respect of the interest income, tax was required ... respect thereof in interest receivable and interest payable accounts of the parties, the tax became deductible at source at the time when such
lendersalong with TDS on
interest duly paid to income tax account were duly furnished by the
assessee ... Loan &Interest.(APB-113-114)Loan is
subjected to Interest and due deduction of Tax was made on such
Interest
irrespective of the financial year
to which the interest belongs.
The interest income on which TDS has been deducted ... netted off with
Certificates the interest
expenses payable
by the appellant.
Interest income from banks 4676694
as per TDS certificates
tax deductible under Section 194A . According to the learned counsel, the appellant was not liable to deduct tax on the interest payment ... appellant to deduct tax on the interest payment to GIC Housing Finance Ltd. there was no justification for charging interest. As interest was compensatory
amount of such tax, from
the date on which such tax was deductible till the date on which such
tax was actually ... Deputy Commissioner of Income Tax
such tax was deductible till the date on which such tax was actually
paid.
22. Aggrieved
Income-tax Act, 1961 - Deduction of tax at
source - Credit for tax deducted - Assessment year 2007-08 -
Whether in case ... such
interest income has been claimed as refund. Accordingly, such interest
income has been indirectly offered to tax during the year under
plaintiff
would have shown the same as income arising out of interest in its
income tax returns but in that case ... deposed falsely that
plaintiff shown the income of interest reflected in its 26AS in its income
tax returns or filed false income
assessees to deduct tax as required under the IT Act or prohibited otherwise to deduct and pay tax at source. According ... responsible for paying any income by way of interest other than interest on securities to deduct lax at source thereon. This liability
deduct tax from the salary. Section 193 deals with the obligation to deduct tax of the person responsible for paying income chargeable ... scheme of tax deduction at source applies not only to sums like salaries, dividends, interest on securities interest other than interest on securities
