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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

TDS us 194C - determination of milling cost paid by the assessee ...


Milling Costs Exempt from TDS as By-Product Ownership Not Transferred, Says AO u/s 194C.

December 7, 2018

Case Laws     Income Tax     AT

TDS us 194C - determination of milling cost paid by the assessee - AO observed that the amount need to be increased by the cost of by-product for the purpose of deduction of tax at source - since the property in the by-product was not passed on by the assessee as milling charges, not liable to TDS.

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