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Income Tax - Highlights / Catch Notes

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TDS u/s 194C or u/s 194H - Amount paid to the consolidator on ...

Income Tax

May 12, 2016

TDS u/s 194C or u/s 194H - Amount paid to the consolidator on purchase of land - there is no TDS liability as the assessee has not claimed any deduction for payment as amounted to the consolidator - AT

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  2. The amount of discount offered to prepaid distributor was in nature of commission and liable to tax deduction at source under Section 194H - AT

  3. TDS u/s 194H - assessee is not required to deduct tax at source under section 194H of the Act in respect of bank guarantee commission/charges paid to banks.- AT

  4. Tax Deduction at Source (TDS) on purchase of goods - FINANCE Bill, 2021

  5. Liability to deduct tax at source u/s 194LA or u/s 194IA - payments of compensation for acquisition of land - income is exempted in the hands of recipients - No TDS liability - HC

  6. TDS u/s 194H - Commission payment made to NPCI - the payment made to NFS could not be considered as commission or brokerage liable for deduction at source.

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  8. Warehousing charges paid to C&F agents - whether were in the nature of commission liable for deduction of tax @ 10% u/s 194H or as ‘rent’ liable for deduction of tax @...

  9. TDS u/s 194H - non deduction of tds - genuineness of the transaction - a desperate attempt has been made by the AO to characterize the payments made by the Assessee to...

  10. TDS (withholding tax) u/s 195 - Disallowance u/s 40(a)(i) - non-deduction of tax at source on payment made towards membership/subscription fee - principle of mutuality-...

 

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