Tuesday, 25 August 2015

Sum paid by Marriage Bureau for matrimonial ad on behalf of clients won't attract sec. 194C TDS

IT: Where assessee, matrimonial agent, made payments to newspapers for publication of matrimonial advertisements on behalf of its clients, since there was no contractual relationship between assessee and publishers, section 194C did not apply to said payments and, accordingly, disallowance could not be made under section 40(a)(ia)

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