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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

TDS u/s 195 - buying agency services or FTS - payment in ...

Income Tax

August 7, 2019

TDS u/s 195 - buying agency services or FTS - payment in response to buying agency agreement for activities of coordination with the manufacture for procurement of goods by the assessee outside India cannot be classified as FTS and accordingly, not liable for deduction of TDS and disallowance u/s 40(a)(i) is not warranted

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