No withholding tax on discount on prepaid SIM cards, recharge vouchers: Supreme Court | Mumbai News
MUMBAI: In a recent ruling, the Supreme Court (SC) clarified that discounts given on the print price of prepaid SIM cards and recharge coupon vouchers by telecom operators to distributors will not trigger withholding tax obligations under the Income-tax laws.The SC’s decision, which came in a batch of appeals with Bharti Cellular as the lead … Read more