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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

TDS u/s 194H - TDS provisions under section 194H are not ...


TDS Exemption: Section 194H Does Not Apply to Discounted SIM Card or Recharge Coupon Sales to Distributors.

May 17, 2017

Case Laws     Income Tax     AT

TDS u/s 194H - TDS provisions under section 194H are not applicable in respect of sale of SIM cards/recharge coupons at discounted rates to the distributors. - AT

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  11. Whether allowing discount to the dealers on SIM Cards and re-charge coupons will attract the provision for tax deducted at source under section 194H - held yes - HC

  12. Levy of Local Body Tax (LBT) - Even though SIM cards, recharge coupons are not liable to sales tax / VAT, these are liable to LBT on its entry into municipal limits -...

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