Tax alert: SC says TDS not applicable on sale of prepaid SIM cards to distributors, by telecom companies has been saved
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Tax alert: SC says TDS not applicable on sale of prepaid SIM cards to distributors, by telecom companies
6 March 2024
The Supreme Court of India has held that telecom companies selling prepaid SIM cards to distributors/franchisees at discounted prices, would not attract TDS under section 194H of the Income-tax Act, 1961, in the absence of principal-agent relationship.
