Description:
Section 50C will not Apply While Computing Exemption Under Section 54F. – V.K. Subramani.
Source:
1. www.tpcc.in
2. The Tax Reference .Volume120. Issue No.2, 11 July 2011 Page No.27.
Our Comment:
Provisions of Section 50C and 54F are separate and cannot be mixed.
I am herewith expressing my personal opinion and suggestions to be
1. Registration Every dealer whose turnover is more than Rs.40 lakhs
Person Responsible to Deduct Tax: All assesses who are employers. Category
Person Responsible for Tax Deduction: Central or state Government, Local authority,
