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Tag: Section 90(2)

Tax is not to be deducted at a higher rate of 20 percent under Section206AA of the Income-tax Act when the benefit of tax treaty is available

Post author By TDSMAN
Post date August 6, 2015
No Comments on Tax is not to be deducted at a higher rate of 20 percent under Section206AA of the Income-tax Act when the benefit of tax treaty is available

Recently, the Bangalore Bench of the Income-tax Appellate Tribunal (the Tribunal) held that there is no scope for the tax deduction at source (TDS) at a higher rate of 20 per cent as per the provisions of Section 206AA of the Income Tax Act, 1961 (the Act) when the benefit of tax treaty is available […]

Tags 1961, Income Tax, Income Tax Act, PAN, Section 90(2), Section206AA, Tax Deduction at Source, taxpayer, TDS, TDS statement

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