TDS not Applicable on Discount Allowed to Retailers by Distributors on Sale of Prepaid Sim Cards/Mobile Recharge Card: ITAT deletes Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]

By Fathima Karama A.M - On September 1, 2023 9:30 am - 2 mins read

TDS not Applicable on Discount Allowed - Sale of Prepaid Sim Cards - Mobile Recharge Card - ITAT Deletes Disallowance - Income Tax Act -Discount Allowed to Retailers- Income Tax - taxscan

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance under Section 40(a)(ia) of the Income Tax Act, 1961 holding that the Tax Deducted at Source (TDS) is not applicable on the discount allowed to retailers by the distributors on sale of prepaid sim cards or mobile recharge card. The sole issue…

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