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ANYONE HAVE NOTIFICATION OF 194 N APMC PAYMENT RELIEF

Sandeep Tayal (46 Points)

21 September 2019

ANYONE HAVE NOTIFICATION OF 194 N APMC CASH PAYMENT RELIEF ??

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2 Replies

Kapadia Pravin (17249 Points)
Replied 22 September 2019

To give relief to the rural economy, the government has exempted agriculture produce marketing committees (APMCs) from the purview of the 2% tax deducted at source (TDS) on payments above ₹1 crore,

Suresh Thiyagarajan (Student) (3986 Points)
Replied 22 September 2019

Notification No. 70/2019/F. No. 370142/12/2019-TPL (Part-1), SO 3427(E) : Exemption to commission agents or traders operating under APMC under clause (v) of the proviso to section 194N of the Income Tax Act, 1961