AO Must Verify if C&F Agent Includes Profit in Expense Reimbursement Claims u/s 194C of Income Tax Act.

AO Must Verify if C&F Agent Includes Profit in Expense Reimbursement Claims u/s 194C of Income Tax Act. https://www.taxtmi.com/highlights?id=29273 TDS u/s 194C - AO to give a clear finding from the verification of the bills as to whether any profit element is loaded by the C&F Agent while seeking reimbursement of expenses from the assessee. - AT en-us Tue, 17 May 2016 22:57:05 +0530 Tue, 17 May 2016 22:57:05 +0530 TaxTMI RSS Generator AO Must Verify if C&F Agent Includes Profit in Expense Reimbursement Claims u/s 194C of Income Tax Act. https://www.taxtmi.com/highlights?id=29273 TDS u/s 194C - AO to give a clear finding from the verification of the bills as to whether any profit element is loaded by the C&F Agent while seeking reimbursement of expenses from the assessee. - AT Highlights Income Tax Tue, 17 May 2016 22:57:05 +0530 https://www.taxtmi.com/highlights?id=29273