In a recent verdict, the Delhi High Court determined that the amount retained back by advertising agencies from the assessee, following a principal-to-principal arrangement, qualifies as a trade discount rather than a commission. Consequently, it does not incur Tax Deduction at Source (TDS) obligations as per Section 194H of the Income Tax Act, 1961. The…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
