Tenet Tax Daily March 09 2015
Wheeling charges paid for transmission of electricity would attract TDS under sec. 194C instead of sec. 194J
HC grants Sec. 80-IA relief on gains attributable to captive consumption of power generated from windmill
Tenet Tax Daily March 07 2015
Mere mentioning of country’s name and detail of exp. don’t indicate purpose of foreign travel exp.; disallowable
Tenet Tax Daily March 06 2015
No TDS credit available if assessee had failed to offer corresponding income to tax in relevant year
Tenet Tax Daily March 05 2015
Sum paid to NR for support services utilized in overseas contract isn’t liable to TDS
Tenet Tax Daily March 03 2015
Exp. on maintenance of I-T system during restructuring of Co. was an allowable revenue exp.
Tenet Tax Daily March 02 2015
Budget Flash – Proposed amendments in TDS/TCS provisions
Budget Flash – TDS and TCS
Budget 2015 – Gist of main amendments
Budget 2015 – Gist of main amendments
Sum paid on testing of ultrasonic meter wasn’t FTS as it didn’t satisfy make available clause of India-USA DTAA
Tenet Tax Daily February 28 2015
Commission paid to foreign agent for securing sales order won’t fall within the ambit of ‘FTS’; not liable to TDS
Tenet Tax Daily February 27 2015
Club subscription paid by Co. on behalf of its managing director was personal exp; disallowable under Sec. 37(1)
Tenet Tax Daily February 26 2015
Even prior to 2013 India-UK protocol benefit of DTAA was allowed to fiscally transparent firm established in UK
Tenet Tax Daily February 25 2015
Sec. 234C interest to be computed considering date of presentation of cheque of tax payments & not its clearing date
Tenet Tax Daily February 24 2015
Security deposit received from lessee isn’t deductible as ‘debt owed’ for computation of net wealth
Tenet Tax Daily February 23 2015
Sec. 54: Booking of unconstructed flat in housing project to be deemed as investment for construction of house
Tenet Tax Daily February 21 2015
Losses under the head capital gains won’t be set-off and carry forward in case of amalgamation and demerger
Tenet Tax Daily February 20 2015
Sum received towards installation of mobile antenna on terrace was taxable as income from house property
Tenet Tax Daily February 19 2015
Cost of production of abandoned TV serial was allowable as business exp. to its producer
Tenet Tax Daily February 18 2015