Distributor Not Required to Deduct TDS on Payment of Turnover Discount to Dealers u/s 194H of Income Tax Act: ITAT [Read Order]

By Taxscan Team - On April 24, 2023 10:45 am - 2 mins read
Distributor - TDS on Payment - TDS - Payment - Turnover Discount to Dealers - Income Tax Act - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the discount paid to dealers by the distributor in the nature of turnover discount is not subject to TDS u/s 194H of Income Tax Act, 1961. The income tax department approached the ITAT against an order of the CIT(A) wherein the first appellate authority…

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