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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

TDS u/s 194C / 194H - Disallowances u/s 40(a)(ia) - the ...

Case Laws     Income Tax

October 13, 2020

TDS u/s 194C / 194H - Disallowances u/s 40(a)(ia) - the rebate/discount given by the assessee to the dealers will not coming either within the purview of section 194C or section 194H therefore, would not require deduction of tax at source. - Even AO was not sure, whether it is a payment for carrying out any work or is in the nature of commission / brokerage for any service rendered by another party in the course of buying and selling a product. - AT

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