Tag Archives: Section 194C

TDS on payment to dealer for servicing of customers vehicle as per Service Coupons u/s 194C

IN THE ITAT MUMBAI BENCH ‘B’ Mahindra Navistar Automotives Ltd. v. Deputy Commissioner of Income-tax, 2 (2), Mumbai JOGINDER SINGH, JUDICIAL MEMBER AND SANJAY ARORA, ACCOUNTANT MEMBER IT APPEAL NOS. 3324 & 4645 (MUM.) OF 2013 [ASSESSMENT YEARS 2007-08 AND 2008-09] MAY  13, 2016 H.P. Mahajani for the Appellant. N.P. Singh for the Respondent. ORDER… Read More »

TDS Rates and Limit revised w.e.f 01.06.2016

Revised TDS Rates and Limit w.e.f 01.06.2016 Finance Act 2016 has revised TDS Rates and limit for Rationalization of tax deduction at Source (TDS) Under the scheme of deduction of tax at source as provided in the Act, every person responsible for payment of any specified sum to any person is required to deduct tax at… Read More »

TDS on Payment to harvester / transporter of Sugarcane from Farmers field

Facts of the Case The assessee was engaging services of contractor/s for harvesting, cutting and transporting Sugarcane from the Farmers’ fields to its factory. The amount paid to those contractors was bifurcated under different heads namely cane cutting charges, harvesters’ bonus, transportation charges and transportation commission. Payments made on those amounts were booked as expenditure.… Read More »

CBDT clarify TDS issues on payments made by Television channels, Broadcasters and Newspapers

Issue of clarification on contentious TDS issues on payments made by Television channels, Broadcasters and Newspapers With a view to bring about clarity in the interpretation of certain contentious issues relating to Tax Deduction at Source (TDS) on payments made by television channels, broadcasters and newspapers, Central Board of Direct Taxes has issued two Circulars.… Read More »

Payment to intermediaries for hiring of transport for carriage of goods is also liable for TDS u/s 194C

Held The assessee has entered into contract with these intermediaries for the work of hiring of transport for carriage of goods for the assessee for which payments are made by the assessee to these intermediaries who are not actual transporters but are arranging actual transporters independently from open market for carriage of goods for assessee… Read More »

Purchases made after payment of excise duty and availment of credit can not be held as job work, no TDS under section 194C

Where assessee had purchased goods from manufacturers and paid sales tax, excise duty etc., transaction is on principal to principal basis and does not fall within purview of section 194C HIGH COURT OF CALCUTTA Commissioner of Income-tax TDS, Kolkata v. Khadim Shoes (P.) Ltd. GIRISH CHANDRA GUPTA AND ARINDAM SINHA, JJ. IT APPEAL NO. 146… Read More »

TDS on Bill management services u/s sec 194C and not u/s 194J as this service is not professional services

TDS on Bill management services Where assessee made payments towards bill management services, since said services were not in nature of professional services, rather it was a case of service contract, provisions of section 194J would not apply and, tax was required to be deducted under section 194C in respect of said payments HIGH COURT… Read More »

Section 194C payments to newspaper publishers

Q :  Whether there should be contractual relationship for applying section 194C ? Or A : When payments to newpapers publisher are made  as an agent of customer whether provisions of Section 194C for deduction of TDS will apply ? Facts of the case Briefly stated, the assessee is carrying on the business of marriage… Read More »