No TDS u/s 194C for By-Products Retained by Millers; No Transfer of Property as Milling Charges.

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Full Text of the Document

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....TDS u/s 194C on by products - consideration in kind - milled / shelled paddy as retained by the millers and the same has a marketable value - the property in the by-product was not passed on by the assessee / Procurement Agencies as milling charges - No TDS liability....