TDS u/s 194A deductible on interest paid by subsidiary to holding company

Prosperous Buildcon Pvt. Ltd. Vs ITO (ITAT Delhi)

ITAT Delhi held that TDS under section 194A of the Income Tax Act duly deductible on interest paid by subsidiary company to its holding company.

Facts- The assessee was asked to show cause as to why interest expenses of Rs. 1,75,26,989/– to M/s EMAAR MGF Land Limited be not disallowed since no TDS has been deducted ther

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