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Exemption to persons responsible for paying any income by way of commission or brokerage to persons specified in the Schedule - S.O.114(E) - Income Tax Act, 1961
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TDS exemption on commission payments to specified brokers relieves deductor obligation under section 194H temporarily. The Central Government exempts persons responsible for paying commission or brokerage to the named entities in the annexed Schedule from the obligation to deduct tax at source, exercising its statutory power to waive deduction requirements for specified resident payees, subject to the notification's temporal condition and subsequent corrections to the Schedule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TDS exemption on commission payments to specified brokers relieves deductor obligation under section 194H temporarily.
The Central Government exempts persons responsible for paying commission or brokerage to the named entities in the annexed Schedule from the obligation to deduct tax at source, exercising its statutory power to waive deduction requirements for specified resident payees, subject to the notification's temporal condition and subsequent corrections to the Schedule.
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