https://www.taxtmi.com/acts?id=38721 The amendment to section 194C replaces the audit-liability test with turnover-based thresholds-total sales, gross receipts or turnover exceeding one crore for business or fifty lakh for profession-and revises the Explanation to treat manufacturing or supplying a product to a customer's specification using material purchased from that customer or its associate as within the provision, while inserting "or associate of such customer" to extend coverage. en-us Sat, 28 Mar 2020 10:41:57 +0530 Sat, 28 Mar 2020 10:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38721 The amendment to section 194C replaces the audit-liability test with turnover-based thresholds-total sales, gross receipts or turnover exceeding one crore for business or fifty lakh for profession-and revises the Explanation to treat manufacturing or supplying a product to a customer's specification using material purchased from that customer or its associate as within the provision, while inserting "or associate of such customer" to extend coverage. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 10:41:57 +0530 https://www.taxtmi.com/acts?id=38721