Tenet Tax Daily September 27 2014
Non-consideration of ruling of High Court or Supreme Court by ITAT is an apparent mistake and rectifiable
Even MAT companies are liable to pay interest under section 234C for deferment of advance tax
Tenet Tax Daily September 26 2014
Payments to non-resident for his translation services shall not be deemed as ‘fees for technical services’
Tenet Tax Daily September 25 2014
Only deductible expenditure could be subjected to sec. 40(a)(ia) disallowance for TDS default, says ITAT
Tenet Tax Daily September 24 2014
Secondment of employee by group Co. to Indian affiliate for managerial services constitutes its service PE in India
Tenet Tax Daily September 23 2014
Sum received for supply of equipment with user guide on how to install and use it, couldn’t be taxable as royalty
Tenet Tax Daily September 22 2014
Sum received from letting out an office space with facilities of cafeteria and conference room was business income
Tenet Tax Daily September 20 2014
Renouncing of right to purchase a property in lieu of a sum was ‘transfer’; to be taxed as capital gains
Tenet Tax Daily September 19 2014
Supervisory services without having control of physical sites couldn’t constitute a PE as per DTAA with Germany
Tenet Tax Daily September 18 2014
Re-assessment affirmed as commission paid to foreign agent was included in cost of asset to escape TDS liability
Tenet Tax Daily September 17 2014
Broker assuming all risks without any right to conclude contracts on behalf of NR can’t be treated as agency PE
Tenet Tax Daily September 16 2014
Transaction between two resident entities won’t be an ‘International transaction’; no additions to be made
Tenet Tax Daily September 15 2014
Exp. incurred by ‘Idea Cellular’ on abandoned projects intending to facilitate its business was revenue exp.
Tenet Tax Daily September 13 2014
Contribution to approved superannuation fund isn’t a taxable perquisite until employee is entitled to receive it: AAR
Tenet Tax Daily September 12 2014
HC directs ITAT to consider in detail issue of nature of income from sale of shares as business income or cap gains
Tenet Tax Daily September 11 2014
HC directs ITAT to consider in detail issue of nature of income from sale of shares as business income or cap gains
Tenet Tax Daily September 10 2014
Re-assessment affirmed as commission paid to foreign agent was included in cost of asset to escape TDS liability
Tenet Tax Daily September 09 2014
Renouncing of right to purchase a property in lieu of a sum was ‘transfer’; to be taxed as capital gains
Tenet Tax Daily September 08 2014