Whenever zero percentage try debited otherwise credited so you can particular party’s accounts, up coming eg percentage cannot be considered within the ambit out of sec 194C or other TDS conditions.
There is absolutely no uniform yardstick so you’re able to quantify new waste in almost any means of design of goods. Further wastage invited from the assessee to goldsmith is an issue regarding team prudence/commercial expediency and the exact same cannot be asked to question by the AO unless he has proof to show your exact same was excessive.
Just like the assessee features none debited while making costs with the P & L an effective/c nor credited any total parties’ membership, practical question out-of application of sec 194C doesn’t happen. Continue reading “Provisions out-of Sec 194C can be applied when the assessee provides paid back otherwise credited one charge shielded thereunder”