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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

TDS u/s 194C on by products - consideration in kind - milled / ...


No TDS u/s 194C for By-Products Retained by Millers; No Transfer of Property as Milling Charges.

November 1, 2018

Case Laws     Income Tax     AT

TDS u/s 194C on by products - consideration in kind - milled / shelled paddy as retained by the millers and the same has a marketable value - the property in the by-product was not passed on by the assessee / Procurement Agencies as milling charges - No TDS liability

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