TDS u/s 194C - wastage claimed in manufacturing of gold ...

TDS Not Applicable on Gold Ornament Wastage u/s 194C; Additions Deleted Due to No Payment Involvement.

September 7, 2022

Case Laws Income Tax AT

TDS u/s 194C - wastage claimed in manufacturing of gold ornaments - in the present case the issue of wastage whether it is 0.5% to 1% as estimated by Revenue or it is 4.5% to 6% as claimed by assessee, it neither involves any payment or credit of such sum by way of cash, issue of cheque or draft or by any other mode and hence does not liable for TDS u/s 194C - Additions deleted - AT

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TDS u/s 194C - wastage claimed in manufacturing of gold ...

TDS Not Applicable on Gold Ornament Wastage u/s 194C; Additions Deleted Due to No Payment Involvement.

September 7, 2022

Case Laws Income Tax AT

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