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Exp. incurred by employer on pick and drop facility of guest wasn’t covered under the ambit of FBT

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  • Exp. incurred by employer on pick and drop facility of guest wasn’t covered under the ambit of FBT
Posted onon December 19, 2013

Tenet Tax Daily December 17 2013

By tenettax-team
Corporate Tax, Individual Taxation

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Leasehold right in premises is an intangible asset, eligible for depreciation at 25%
Interest paid by Indian branch to its foreign head office not taxable in India; no disallowance for TDS default

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