News & Media 3rd Feb 2023
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
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.