Recently, the Mumbai Income-tax Appellate Tribunal (Tribunal) in the case of the taxpayer analysed the applicability of withholding tax provisions on payment subscription charges to channel companies and held that the provisions of section 194C of the Income-tax Act, 1961 (the Act) would apply and hence withholding tax @ 2% needs to be withheld on such payments.
The Mumbai Tribunal also analysed the withholding tax provisions on payment of carriage fees and held that provisions of section 194C of the Act would apply on such payments as well. Certain other issues such as applicability of withholding tax on provision for expenses were also analysed by the Mumbai Tribunal and were held in favour of the taxpayer.
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