Friday, June 18, 2021

Trade discount given by assessee dealing with its vendors on P2P basis couldn’t be treated as commission

INCOME TAX : Trade discount given by assessee, engaged in business of publishing and selling newspaper, to newspaper vendors and advertising agencies was not in nature of 'commission' and no TDS was to be deducted under section 194H on same

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198225/trade-discount-given-by-assessee-dealing-with-its-vendors-on-p2p-basis-couldn’t-be-treated-as-commission.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...