No TDS on Commission paid to Partner by Firm: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that commission paid to partners is not covered under Section 194H of the Income Tax Act and therefore, the same is not subject to TDS deduction. The assessee, M/s. Sareen Sports Industries is a sports goods manufacturer. While verifying the income tax returns filed by…

Source Taxscan

---

---