Friday 6 June 2014

HC raps AO for disallowing freight exp. alleging Sec. 194C TDS default when exp. didn’t exceed presc

IT: Where assessee paid freight charges not in excess of Rs. 20,000 in regard to single transaction or in excess of Rs. 50,000 per annum to a particular career, it was not required to deduct tax at source under section 194C while making said payments


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