TDS u/s 194H - discount given by the assessee to its ...

Income Tax

January 18, 2020

TDS u/s 194H - discount given by the assessee to its distributors on prepaid SIM Cards - When the transaction was between two persons on principal to principal basis, deduction of tax at source as per section 194H of the Act, would not be made since the payment was not for commission or brokerage.

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TDS u/s 194H - discount given by the assessee to its ...

Income Tax

January 18, 2020

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

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Margin allowed by the assessee to the distributors was of the nature of commission which was liable for deduction of tax at source u/s 194H and the transaction between...

CENVAT Credit - input service provided by the distributors of SIM cards has the nexus with output Telecommunication Service - credit allowed - AT

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