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ITAT issues guidelines for stay of demand.

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Messages - JITENDRA

#1
WE HAVE EXECUTED THE SAME TRANSACTION IN THE FOLLOWING MANNER:-
NAME OF THE beneficiary AND remitter WILL BE THE SAME.

AS TDS WILL NOT BE REQUIRED TO BE DEDUCTED TAN WOULD NOT BE REQUIRED.

IN FIRST TRANSACTION OF SALE OF PROPERTY TDS WILL BE DEDUCTED AND PAYMENT WILL BE MADE TO THE ASSESSEE.

NOW WHEN THE ASSESSEE IS TRANSFERRING THE MONEY TO HIS OWN ACCOUNT TDS WILL NOT BE REQUIRED.