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TDS liability under sec. 194C would attract even on oral contract

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  • TDS liability under sec. 194C would attract even on oral contract
Posted onon February 20, 2016

Tenet Tax Daily February 08 2016

By tenettax-team
Corporate Tax

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No penalty on NR as he genuinely believed that foreign income wasn’t taxable in India when it was exempt abroad
Cash purchases from Pheriwalas in excess of Rs 20,000 doesn’t attract disallowance

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