Relief to Acer: No TDS on Income in payments received by distributors from Customers: Supreme Court dismisses SLP [Read Order]
The issue was related to the liability to deduct tax at source under Section 194-H of the Income Tax Act, 1961 on the amount which is a commission payable to an agent by the assessees under the franchise/ distributorship agreement between the assessees and the franchisees/distributors
In the case of M/S Acer India Pvt Ltd, the Supreme Court of India upheld that Tax deduction at source ( TDS ) does not apply to income from payment received by distributors from customers. The two-judge bench dismissed the Special Leave petition( SLP ) which arose out of impugned final judgment and order passed…
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