Tuesday, November 15, 2016

Co-owner gets full credit of sec. 194-I TDS as it paid to other co-owners their share in TDS

The High Court of Calcutta held that where assessee, co-owner of a property, paid share of rental income to other co-owners without deducting TDS amount from rent received from tenant and no TDS credit was claimed by other co-owners, assessee would be entitled to credit of tax deducted at source in its entirety.


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