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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

TDS u/s 194H - Commissioner (Appeals) correctly held that the ...


Transaction Classified as Sale: No Tax Deduction Required u/s 194H for Assessee's Dealings with Stockiest.

December 16, 2020

Case Laws     Income Tax     AT

TDS u/s 194H - Commissioner (Appeals) correctly held that the transaction between the assessee and the stockiest is in the nature of sale. Therefore, there is no need to deduct tax at source under section 194H of the Act on margin allowed to the stockiest as provisions of section 194H of the Act would not be applicable to the margin allowed to the stockiest. - AT

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