TDS Credit shall be given for the assessment year for which income is assessable
Last updated: 20 December 2022
Court :
ITAT Delhi
Brief :
The Income Tax Appellate Tribunal, Delhi ("the ITAT") in Archana Airways Ltd v. ITO [I.T.A. No. 8755/DEL/2019 dated November 2, 2022] held that Tax Deduction at Source ("TDS") credit shall be given to the deductee for the Assessment Year ("A.Y.") for which such income is assessable under the Income Tax Act, 1961 ("the IT Act").
Citation :
I.T.A. No. 8755/DEL/2019 dated November 2, 2022
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Bimal Jain
Published in Income Tax
Views : 221
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