CIT (Appeals) was not correct in law that the assessee will be liable to deduct the TDS if the amount of a single contract exceeds Rs. 20,000/-. The contract has to be looked into party-wise not on the basis of the individual GR. In our opinion, all the payments made to a truck owner throughout the year are to be aggregated to ascertain the applicability of the TDS provision
The labour sardars are employed/deployed by the labour union to collect the money in bulk and distribute the same amongst the labourers, who are ultimate beneficiaries and not the labour sardars i.e in question. These labour sardars are remunerated by the union only for the job done. The collected money distributed amongst the labours/ labourers by the labour sardars on behalf of assessee and as such deducting of TDS from the said payment amount does not arise at all.
K R Sudhaman There is usually some romanticism and development associated with Indian Railways and every child particularly in rural India is filled with joy and emotion on seeing a train or engine. Rightly Indian Railways have been engine of growth and formed the backbone of the country’s economic development. It is therefore critically important […]
If Anti-corruption drives, including demonetization of high currency notes, are the center piece of the Narendra Modi Government’s first three years of governance, A slew of initiatives including India’s bold stand in the Paris climate meet, sustained bids to protect flora and fauna and stringent control orders for air and water pollution levels, are among noteworthy foot prints on the environment, forests and climate front.
Establishing a system that ‘eliminates the scope for corruption’ was an important promise made by the Bharatiya Janata Party in its Election Manifesto, 2014. The methods to achieve the goal were identified as a) Public Awareness b) Technology based e-governance c) System-based policy driven government d) rationalization and simplification of tax regime and e) simplification of the process and procedures at all levels. Apart from this the party promised
With the advent to office by the NDA government after a decade in May 2014, the Indian economy today presents an exemplary case of how to make do efficaciously without much ado. As the government completes three years in the saddle, it is able to usher unobtrusively significant economic reforms to spur the economic growth.
The announcement of policy to cap the price of coronary stents by the central government is truly historic and path-breaking in the health care sector. Coronary Artery Diseases (CAD) causing heart attacks leading to untimely deaths have steeply increased in the country. CAD is no more the disease of rich, even poor are getting affected by this. Apart from other risk factors, the people without any history of excessive smoking or drinking bear the brunt of heart attack, due to fast-paced life-style and work-profile which can cause tremendous stress leading to various life-style diseases.
The assessee has failed to bring on record any evidence to establish his claims that the deposits in the ICICI Bank, saving bank account at Khar (W), Mumbai was out of receipts connected with his business transactions
India’s successful launch of the first-ever South Asia Satellite (SAS) to boost communication and improve disaster links among its six neighbours has “opened up new horizons of engagement” in the region and helped it carve a unique place for itself in space diplomacy.
A review of the flagship schemes of the NDA Government, as it completes three years in office, throws a crucial common denominator in the form of a citizen who rightfully finds himself or herself among the top claimants on the national resources. And why not? After all, it is the bottom of the pyramid which had not really reaped the fruits of the development even though India had emerged as a USD two trillion economy, finding a front –ranking place among the world’s Emerging Markets.
