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Reimbursement of Salary based on Cost to Cost without any Profit element cannot attract TDS Liability u/s 195: ITAT

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that Tax Deduction at Source (TDS) is not applicable to reimbursement of salary based on the cost to cost without any profit element and cannot attract TDS Liability u/s 195 of Income Tax Act,1961.

Source Taxscan

 

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