News & Media 3rd Feb 2023

I-T, TDS to cover cash ‘benefits

Latest Thought Leadership

Investment Funds
Alerts & Updates 29th Jul 2026

IFSCA Informal Guidance Addresses Use of PSP Payment Accounts for Fund Subscriptions and Redemptions

Read More
Alerts & Updates 29th Jul 2026

Labour and Employment – Recent Judicial Developments

Read More
Investment Funds
Alerts & Updates 29th Jul 2026

The India-Mauritius DTAA Protocol and the Principal Purpose Test: Treaty Entitlement, Substance and the Post-2017 Investment Landscape

Read More
international trades
Alerts & Updates 24th Jul 2026

USTR Finalises Section 301 Forced Labour Tariffs

Read More

Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted in an article titled ‘I-T, TDS to cover cash ‘benefits’ published by The Times Of India which sheds light on the amendment of certain sections under the Income Tax Act and how it will impact the businesses and the citizens.

He says, “Certain relaxations introduced in the guidelines under section 194R (the TDS provision) — such as for loan waiver by financial institutions — are not extended to 28 (iv). Thus, the proposed amendment may lead to multiple tax litigation. It will impact various sectors including FMCG, retail, and pharma.

Read the detailed article here: Click here

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.