Disallowance u/s. 40a(ia) - TDS - 'works' contract or contract ...

T-shirt purchase with logo is a sale, not a 'works' contract; Section 194C TDS provisions don't apply.

December 23, 2011

Case Laws Income Tax AT

Disallowance u/s. 40a(ia) - TDS - 'works' contract or contract of sale - the predominant object underlying the transaction of receiving the T-shirts and making the payments is largely for purchase of goods and even if there is some logo of the assessee printed on the, it would not change the nature of the transaction to 'works' contract, so as to attract the provisions of S.194C of the Act.... - AT

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Disallowance u/s. 40a(ia) - TDS - 'works' contract or contract ...

T-shirt purchase with logo is a sale, not a 'works' contract; Section 194C TDS provisions don't apply.

December 23, 2011

Case Laws Income Tax AT

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