The ITAT held that the payments made by the assessee towards ...

Payments for promotional schemes not commission, thus no TDS u/s 194H; But TDS non-compliance for PF/ESI for contractors.

December 14, 2024

Case Laws Income Tax AT

The ITAT held that the payments made by the assessee towards various promotional schemes like Gold Coin Scheme, Atoot Rishtey Scheme, and Foreign Scripts to dealers are not liable for tax deduction at source (TDS) u/s 194H of the Income Tax Act. The relationship between the assessee and dealers is that of seller and buyer, not principal and agent. Therefore, these payments do not constitute commission payments attracting TDS u/s 194H. However, the ITAT confirmed the disallowance of expenditure u/s 40(a)(ia) for non-deduction of TDS u/s 194C on payments made towards EPF, PF, and ESI contributions on behalf of labor suppliers or contractors.

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The ITAT held that the payments made by the assessee towards ...

Payments for promotional schemes not commission, thus no TDS u/s 194H; But TDS non-compliance for PF/ESI for contractors.

December 14, 2024

Case Laws Income Tax AT

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