Specified Person
X X X X Extracts X X X X
X X X X Extracts X X X X
....)- For the purposes of section 194C of the Income tax Act 1961 - "Specified Person" shall mean,- * (a) the Central Government or any State Government; or * (b) any local authority; or * (c) any corporation established by or under a Central, State or Provincial Act; or * (d) any company; or * (e) any co-operative society; or * (f) any authority, constituted in India by or un....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ided family or an association of persons or a body of individuals, if such person,- (A) does not fall under any of the preceding sub-clauses; and (B) has total sales, gross receipts or turnover from business or profession carried on by him exceeding one crore rupees in case of business or fifty lakh rupees in case of profession during the financial year immediately preceding the financial year....
TaxTMI
TaxTMI