Relief to Acer: No TDS on Income in payments received by distributors from Customers: Supreme Court dismisses SLP [Read Order]

The issue was related to the liability to deduct tax at source under Section 194-H of the Income Tax Act, 1961 on the amount which is a commission payable to an agent by the assessees under the franchise/ distributorship agreement between the assessees and the franchisees/distributors
By Yogitha S. Yogesh - On March 13, 2024 11:06 am - 2 mins read
Relief to Acer - Tax deduction at source - Supreme Court Dismisses SLP - Special Leave Petition - Taxscan

In the case of M/S Acer India Pvt Ltd, the Supreme Court of India upheld that Tax deduction at source ( TDS ) does not apply to income from payment received by distributors from customers. The two-judge bench dismissed the Special Leave petition( SLP ) which arose out of impugned final judgment and order passed…

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