No sec. 194C TDS if Co. has control over advertisement space with exclusive rights either to retain it or resell it

No sec. 194C TDS if Co. has control over advertisement space with exclusive rights either to retain it or resell it

November 02, 2020
INCOME TAX: Where assessee-company purchased an advertisement space in a local newspaper and exercised control over such space with right to either sell it to other or retain it for itself, payment made by assessee for purchase of such advertisement space would not be liable for tax deduction at source under section 194C

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