Vodafone Idea Ltd have to pay Rs. 60 Lakhs to Income Tax Dept as per ITAT order

 The Income Tax Appellate Tribunal (ITAT), Chandigarh has asked the Company to pay an amount of Rs. 60 lakhs for staying the demands in respect of the eight assessment years from 2005-06 from 2012-13.

The department was of the view that the discount extended to the prepaid distributors falls within the scope of Section 194H of the Income Tax Act,1961.

Section 194H is for income tax deducted on any income by way of commission or brokerage, by any person responsible for paying to a resident.

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