When customer is cash discount thru' credit note, does it attract Sec 194J or any other tax etc?
Kindly advise.
Regards,
Jayanta
A V Vishal (Advocate) 19 August 2009
Brilliant now this is something new in Income Tax Act, How did this idea pop up Jayanta that cash discount is taxable and TDS has to be deducted.
A V Vishal (Advocate) 19 August 2009
No TDS is required for Cash Discounts
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