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Friday, 15 April 2022

Daily digest for Gupta Chandan & Associates, on April 15, 2022

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posted: "INCOME TAX : Where Assessing Officer failed to record its satisfaction with regard to claim of assessee that it had incurred any expenses in earning exempt income except a sum of Rs. 1.61 lakhs, impugned disallowance under section 14A by invoking rule 8D "
posted: "INCOME TAX : Charges deducted by bank while making payments to assessee for goods purchased by customers through credit/debit cards could not be treated as commission, hence, were not liable to TDS under section 194HINCOME TAX : Charges deducted by bank w"

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