Tenet Tax Daily June 14 2014
Indian Citizen participating in golf tournament abroad deemed as NR as his stay in India was of less than 182 days
Family pension received from UK based bank falls under residuary Article 23 of India-UK DTAA – taxable in UK only
Tenet Tax Daily June 13 2014
Salary earned from employment in US isn’t taxable in India if employee resides in India for less than 60 days
Tenet Tax Daily June 12 2014
Assessee offering marketing and support services to AEs to be held as service provider and not distributor by TPO
Tenet Tax Daily June 11 2014
Conveyance allowance received by LIC employee to develop insurance business is exempt from tax
Tenet Tax Daily June 10 2014
TRO can’t prohibit transfer of a property unless ‘NOC’ has been obtained from AO by fraud or misrepresentation
Tenet Tax Daily June 09 2014
Full deduction under section 80-IA, 80-IB or 80HHC can be claimed as each provisionis an independent provision
Tenet Tax Daily June 06 2014
Assessment of a person other than searched one could be made either under sec. 148 or sec. 158BD
Tenet Tax Daily June 05 2014
No reassessment to deny higher rate of depreciation if facts were fully disclosed during original assessment
Tenet Tax Daily June 04 2014
No withholding taxes from commission paid to NR agents for their services rendered outside India
Tenet Tax Daily June 02 2014
No reassessment to tax slump sale as ITAT upheld that transfer of undertaking in lieu of shares wasn’t slump sale
Tenet Tax Daily May 30 2014
Sum paid to foreign co. for production of 2D and 3D animated films wasn’t fees for technical service
Tenet Tax Daily May 29 2014
Entitlement to sec. 54F relief remains intact even if a residential house is used commercially
Tenet Tax Daily May 28 2014
Before conclusion of assessment, assessee couldn’t insist on recovery of tax from proceeds of his seized assets
Tenet Tax Daily May 27 2014
Resident assessee can claim losses incurred from house property located abroad in return filed in India
Tenet Tax Daily May 26 2014
For MAT Computations P&L account to be prepared as per Schedule VI of Companies Act if business has commenced
Tenet Tax Daily May 24 2014
ITAT teaches basics to AO: Income earned by ‘RNOR’ from services rendered abroad wasn’t taxable in India
Tenet Tax Daily May 23 2014