No TDS applicable u/s 194H in B2B Transactions if assessee not responsible for paying Income Tax or Filing Returns: Supreme Court [Read Order]
No Tax to be Deducted at Source under Section 194H of Income Tax Act for B2B Transactions, if Assessee need not file Income Tax Returns, says Supreme Court
By Manu Sharma - On February 29, 2024 4:30 pm - 2 mins read
The Supreme Court of India has held that, “the assessees would not be under a legal obligation to deduct tax at source on the income/profit component in the payments received by the distributors/franchisees from the third parties/customers, or while selling/transferring the pre-paid coupons or starter-kits to the distributors.” It was also held that, “Section 194-H…
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