Section(s) Referred: 194H ,194H(2) ,194H(2)(a)
Statute: INCOME TAX
Date of Issue: 6/2/1992
The Central Government having regard to the extent of inconvenience likely to be caused to the persons specified in the Schedule annexed herewith being residents, and being satisfied that it will not be prejudicial to the interests of the Revenue, in exercise of the powers conferred by clause (a) of sub-section (2) of section 194H of the Income-tax Act, 1961(43 of 1961), hereby exempts the persons responsible for paying any income by way of commission or brokerage to the persons so specified in the Schedule from deducting income-tax on such income subject to the condition that such exemption will be available only up to the 31st day of March, 1993.
Online GST Certification Course by TaxGuru & MSME- Click here to Join
SCHEDULE ——- Sl. No. Name ——- 1. Sohrab Ardeshir Brokers Co. Pvt. Ltd., Coonoor 2. Forbes, Ewart and Figgis (Private) Ltd., Cochin 3. Paramount Tea Marketing Pvt. Ltd., Cochin 4. Forbes Tea Brokers (Coimbatore), Coimbatore 5. Tea Brokers Private Ltd., Calcutta 6. Tamil Nadu Tea Brokers Limited, Coonoor 7. A.W. Figgis and Co. Pvt. Ltd., Calcutta 8. Contemporary Target Pvt. Ltd., Calcutta 9. Calcutta Tea Traders Association, Calcutta 10. Carritt Moran and Co. Pvt. Ltd., Calcutta 11. J. Thomas and Co. Pvt. Ltd., Calcutta 12. Silliguri Tea Brokers Private Ltd., Silliguri 13. Eastern Tea Brokers Pvt. Ltd., Calcutta 14. Assam Tea Brokers Pvt. Ltd., Calcutta 15. Sudhir Chatterjee and Co. Pvt. Ltd., Calcutta 16. Associated Brokers Private Ltd., Calcutta ——-
[Notification No. 8989/F. No. 275/197/91-IT(B)