15 May 2008
U/S 195.THE FACT THAT IT INCLUDES EXPENSES WHICH MAY OR MAY NOT FORM PART OF INCOME OF THE RECEIPIENT IS TO BE IGNORED SINCE THE SECTION SAYS"ANY SUM" AND FURTHERMORE IT IS SETTLED PROVISION OF LAW THAT YOU CAN NOT YOURSELF SIT ON JUDGEMENT TO DECIDE WHETHER OR NOT ANY RECEIPT WILL BE TAXABLE IN THE HANDS OF THE RECEIPIENT.SINCE YOU ARE MAKING A PAYMENT AND SECTION REQUIRES TDS/WITHOLDING TAX TO BE DEDUCTED/HELD BACK YOU NEED TO DO THAT
17 November 2008
Finance act of the relevant year or DTAA entered by CG u/s 90 or Agreement notified ny the CG u/s 90A whichever is most beneficial to the assessee shall apply.
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