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of <h1>Key Terms in Direct Taxes Code 2010: Broadcasting, Contracts, Professional Services, Buyers, Lessees, Scrap, and Sellers Defined.</h1> Interpretations under Sub-chapters A and B of Clause 204 in the Direct Taxes Code, 2010, define key terms for tax collection at source. In Sub-chapter A, 'broadcasting and telecasting' includes program production, 'contract' and 'contractor' encompass sub-contracts, and 'professional or technical services' cover various professions like legal and medical. 'Service contract' includes job work, and 'work' involves manufacturing per customer specifications. Sub-chapter B defines 'buyer' excluding certain entities and retail consumers, 'lessee or licensee' as non-public sector entities granted rights, 'lessor or licensor' as grantors of such rights, 'scrap' as unusable waste, and 'seller' as government bodies, corporations, and individuals meeting specific turnover criteria.
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