Electronic certificates of origin enable preferential tariffs under the India-New Zealand FTA when format, verification, and filing requirements are m...
Customs approval for liquid cargo exports extends designated jetty operations while existing boarding station and customs area limits remain unchanged...
Mandatory compliance document verification now conditions out-of-charge clearance for imported cosmetics, drugs, and medical devices through PGA-facil...
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Tax deduction at source under section 194H requires the assessee to make a commission payment within a principal-agent relationship. Where a principal directly credits retailer incentives and deducts tax under the intermediary's PAN, the intermediary's recording of gross receipts and retailer shares for Form 26AS reconciliation does not establish receipt of that share as income or a separate payment from its own funds. Trade incentives or discounts in principal-to-principal transactions therefore do not attract the withholding obligation or consequential disallowance.
Tax deduction at source under section 194H requires the assessee to make a commission payment within a principal-agent relationship. Where a principal directly credits retailer incentives and deducts tax under the intermediary's PAN, the intermediary's recording of gross receipts and retailer shares for Form 26AS reconciliation does not establish receipt of that share as income or a separate payment from its own funds. Trade incentives or discounts in principal-to-principal transactions therefore do not attract the withholding obligation or consequential disallowance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
