Tenet Tax Daily May 30 2015
Depreciation available on machinery even if it is installed for trial run and not for production of goods
No disallowance if TDS is deposited before due date of filing return; amendment to sec. 40(a)(ia) has retro-effect
Tenet Tax Daily May 29 2015
Bank couldn’t defer deduction of tax and wait for lower TDS certificate from depositor; held as assessee-in-default
Tenet Tax Daily May 28 2015
Commission paid to NR agent for procurement of export orders outside India wasn’t taxable; not liable for TDS
Tenet Tax Daily May 27 2015
Payment made for import of hardware couldn’t be taxable as royalty
Tenet Tax Daily May 26 2015
ITAT directs admission of additional evidence by assessee to prove that its liaison office in India wasn’t its PE
Tenet Tax Daily May 25 2015
Non-furnishing of PAN by NR doesn’t attract higher TDS rate of 20% u/s 206AA if tax rate under DTAA is beneficial
Tenet Tax Daily May 23 2015
Reimbursement of exp. to foreign AE was taxable if no nexus was found between services rendered and reimbursement
Tenet Tax Daily May 22 2015
No deemed income of NR u/s 9 when it had established Liaison office in India to purchase goods for export
Tenet Tax Daily May 21 2015
No prosecution against advocate for filing client’s return on fake TDS certificate as it was supplied by client
Tenet Tax Daily May 20 2015
Sum paid to consultant-doctor without any stipulation of working hours or leave would attract sec. 194J TDS
Tenet Tax Daily May 19 2015
Sum paid to consultant-doctor without any stipulation of working hours or leave would attract sec. 194J TDS
Tenet Tax Daily May 19 2015
Purchase of technical know-how couldn’t be taxed as royalty, says ITAT
Tenet Tax Daily May 18 2015
No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts
Tenet Tax Daily May 16 2015
No sec. 194J TDS on sale of goods to stockiest below MRP by treating the differential amount as managerial fees
Tenet Tax Daily May 15 2015
Employment of more engineers won’t show Co. as technical service provider for transfer pricing purpose
Tenet Tax Daily May 14 2015
Payment made to partners for purchase of land above prevalent market rate would lend to Sec. 40A(2) disallowance
Tenet Tax Daily May 13 2015
Legal consultancy fee paid to foreign lawyer wasn’t taxable in absence of his base in India
Tenet Tax Daily May 12 2015