Tenet Tax Daily June 21 2016
Reimbursement of salary of seconded employees to AE couldn’t be treated as ‘FTS’ to attract TDS under sec. 194J
An income already assessed to tax in hands of agent couldn’t be taxed in hands of its principal
Tenet Tax Daily June 15 2016
FTS paid to NR was taxable in India as payer’s source of income from such services was in India
Tenet Tax Daily June 13 2016
Compensation paid by firm to its retiring partner is treated as goodwill, eligible for depreciation
Tenet Tax Daily June 11 2016
Assessee gets interest on refund arising due to foreign tax credit
Tenet Tax Daily June 06 2016
No penalty on ‘Aishwarya Rai’ for TDS default if she relied on her CA’s advice
Tenet Tax Daily June 01 2016
Sum paid to non-executive director for giving suggestion for better performance of Co. won’t be treated as commission
Tenet Tax Daily May 27 2016
Merely because there is a reference to name of assessee in seized documents, it does not mean that assessee is owner of those documents; to invoke section 153C there should be something in satisfaction note recorded by Assessing Officer to indicate that searched person had disclaimed those documents and documents did not belong to searched person but other third person
Tenet Tax Daily May 26 2016
No tax on alimony received from ex-husband
Tenet Tax Daily May 20 2016
Benefit of India-UK DTAA can’t be denied to a UK based partnership firm
Tenet Tax Daily May 10 2016
For determining service PE actual stay of employees in India is relevant and not entire contract period
Tenet Tax Daily May 05 2016
Processing of return under sec. 143(1) couldn’t be regarded as assessment
Tenet Tax Daily May 04 2016
Sanctity of employee’s commission couldn’t be doubted if same was paid for extra services provided by employees
Tenet Tax Daily April 25 2016
Secret commission paid to employees of competitors restricted to 1% of total sales
Tenet Tax Daily April 23 2016
No recovery from assessee where tax has been deducted but not deposited by deductor, CBDT reaffirms
Tenet News Flash – April 04 2016
Donor’s affidavit doesn’t prove sanctity of gift without examining identity and creditworthiness of donor
Tenet Tax Daily March 17 2016
Budget 2016-2017 – Highlights- Direct and Indirect Taxes
Budget 2016-2017 – Highlights- Direct and Indirect Taxes
Budget 2016-2017 – Key Features
Key Features of Budget 2016-2017