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Insertion of proviso to section 50C by Finance Act, 2016 with effect from 1-4-2017, has retrospective effect

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  • Insertion of proviso to section 50C by Finance Act, 2016 with effect from 1-4-2017, has retrospective effect
Posted onon December 15, 2016

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By tenettax-team
Corporate Tax

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Consultancy charges in nature of FTS would be taxable in India irrespective of situs of services provided by NR
No addition just because two flats were shown at lesser price than price of remaining flats in same building

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