'TDS' on Director's 'LOANS'...!

Last updated: 14 August 2007

The Supreme Court has ruled that the companies have statutory obligation to deduct tax at sources (TDS) on interest payments for the loans taken in the name of its directors. The revenue department is empowered to impose interest on such a company for not deducting tax by declaring it assessee i

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

CCI Pro

Category Income Tax   Report

Comment   Share
  3303 Views
Comments

Recent News :

  1. No New GoM on GST Revenue Losses Yet, Says FM Sitharaman
  2. GST Rate on Apparel Rationalised; 18% Tax for Garments Above Rs 2500
  3. GST Fraud: Four Arrested for Rs 37.87 Crore Tax Evasion Using Fake Firms
  4. GST Automation Playing Key Role in Tackling Tax Evasion: Finance Ministry
  5. Fake GST Registrations Led to Rs 31,000 Crore Tax Evasion, Govt Tells Lok Sabha
  6. ICAI Releases Updated UDIN Portal Manual: New Features for GST, Tax Audit & Certificates
  7. Income Tax Department Warns Taxpayers Against Fake Refund Messages and Scam Links
  8. Over 7.28 Crore MSMEs Registered on Udyam Portal as Govt Pushes Ease of Doing Business
  9. CBDT Reassigns Jurisdiction of Income Tax Appeals for Search and Survey Cases
  10. DGGI Arrests Tax Consultant and Trader in Rs 30 Crore Bogus GST ITC Racket

More »


Popular News




CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us

Browse by Category