BRaman
4 years 4 months ago
Tax must be levied based only on Canons of Taxation. It must not destroy or reduce ability of Income Source. Sec.194A, Income Tax Act levies TDS on INTERIM INTEREST on Cumulative Deposits and on Dividend in Reinvestment plan in Mutual Fund. It PERMANENTLY DAMAGES the Principal or Investment. TDS cannot earn Income and FULL ABILITY to EARN IS DESTROYED. Some people can give Form 15 G/H to get TDS exemption Even if tax is refunded by ITReturns, Lost Income cannot be got back. FinMinisyer is bad.
mygov_162956745964142421.pdf
Like
(2)
Dislike
(0)
Reply
Report Spam