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Club subscription paid by Co. on behalf of its managing director was personal exp; disallowable under Sec. 37(1)
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Corporate Tax
Club subscription paid by Co. on behalf of its managing director was personal exp; disallowable under Sec. 37(1)
Posted on
on
February 26, 2015
Tenet Tax Daily February 26 2015
By
tenettax-team
Corporate Tax
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Even prior to 2013 India-UK protocol benefit of DTAA was allowed to fiscally transparent firm established in UK
Commission paid to foreign agent for securing sales order won’t fall within the ambit of ‘FTS’; not liable to TDS
