Tenet Tax Daily February 24 2017
Sec. 43B applies to both employee and employer’s contribution to PF and ESI
Payment made to access online database couldn’t be held as royalty
Tenet Tax Daily February 23 2017
No income can be attributable to PE which is remunerated at ALP
Tenet Tax Daily February 22 2017
Rental income earned by treating property as a capital asset would be assessable as ‘income from house property’
Tenet Tax Daily February 21 2017
Payment for testing, trial operation and commissioning work would attract sec. 194C TDS and not sec. 194J TDS
Tenet Tax Daily February 20 2017
Margins of both on-site and off-site services could not be aggregated while computing ALP: ITAT
Tenet Tax Daily February 18 2017
AO directed to ascertain amount of unpaid tax and interest of defaulting company for recovery under sec. 179
Tenet Tax Daily February 16 2017
Rajkot ITAT taxes capital gains in year of registration of sale agreement
Tenet Tax Daily February 15 2017
AO couldn’t make reassessment for unexplained investment merely on basis of roving inquiry
Tenet Tax Daily February 14 2017
Enhancement of gross profit rate was justified when assessee failed to produce bills and vouchers of purchases
Tenet Tax Daily February 13 2017
Reassessment justified when TDS wing informed about TDS default and related records already destroyed in fire
Tenet Tax Daily February 11 2017
Payment made for supply of software embedded in mobile phones couldn’t be taxed as royalty
Tenet Tax Daily February 10 2017
Software payments can’t be held as royalty when reproduction rights are given for internal usage
Tenet Tax Daily February 09 2017
Default in payment of self-assessment tax due to unexpected recession doesn’t call for penalty
Tenet Tax Daily February 08 2017
ITAT allows taxpayer to file additional evidence to claim exemption for salary received on UK assignment
Tenet Tax Daily February 07 2017
Payment for end-user software license can’t be held as royalty : ITAT
Tenet Tax Daily February 06 2017
No auto import of ‘Make Available’ in India-Swiss DTAA without order effecting terms of MFN clause
Tenet Tax Daily February 04 2017
Payment made for administrative services couldn’t be held as ‘FTS’ under India-UK treaty
Tenet Tax Daily February 03 2017