Hon'ble High Court clarifies on the limitation period for TDS proceedings involving Non-resident pay
In a recent ruling in the case of Dr. Reddys Laboratories Limited v. Deputy Commissioner of Income-tax-I, the Hon’ble High Court of Telangana expounded on the issue as to what should be the limitation period for TDS proceedings involving non-resident payees under section 201 of the Act. The Hon’ble Court ruled in favour of the tax department by reading a limitation period of 7 years (currently prescribed for residents) into the law relating to TDS proceedings for non-resident payee(s) under section 201(1) of the Income-tax Act, 1961.
AKM Global has summarized the tax judgment mentioned above. You can access the summary by following this link.