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Sum received for five-year maintenance contract of equipments couldn’t be taxed in one assessment year
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Corporate Tax
Sum received for five-year maintenance contract of equipments couldn’t be taxed in one assessment year
Posted on
on
January 13, 2015
Tenet Tax Daily January 12 2015
By
tenettax-team
Corporate Tax
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No penalty if TDS default committed by partner on payments to firm due to bona-fide belief of non-deduction of tax
Income earned by foreign co. was business profit and it wouldn’t be taxable as foreign co. had no PE in India: HC
