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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

TDS u/s 194H - The payment of commission though mentioned in ...


Commission Payment Discharges Obligation Post-Income Receipt, Not by Overriding Title, Per Franchisee Receipt.

August 23, 2012

Case Laws     Income Tax     AT

TDS u/s 194H - The payment of commission though mentioned in receipt issued by the franchisee/commission agent does not amount to discharge an obligation by an overriding title rather the said payment amounts to discharge an obligation after such income reaches to the assessee. - AT

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