Transit rent not income, can't be taxed, says HC
Monday, 27 May 2024
Bombay High Court rules transit rent as non-taxable, no TDS deduction required for flat owner/tenant. Transit rent, a form of hardship allowance, is not a revenue receipt.
Bombay High Court rules transit rent as non-taxable, no TDS deduction required for flat owner/tenant. Transit rent, a form of hardship allowance, is not a revenue receipt.
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