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Direct Taxes (including International Taxation)
Is Intimation and Demand the only option if deal where TDS u/s 194IA deducted gets cancelled?
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 11, 2015
Tax Deduction at Source (TDS) is a very familiar yet a complex topic to understand. With time many changes are incorporated in TDS sectio...
Foreign companies working in India through agents not having authority to conclude shall not be c...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 11, 2015
A foreign company was engaged in business of telecasting TV channels in India. Whether income from giving time slots to advertisers throu...
Software related services shall not be compared for TP with Software Development service
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 9, 2015
A company providing exclusive software related services or both software related services and software development services jointly canno...
Building let out to subsidiary for license fee to carry out work for assessee shall form part of ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 9, 2015
A holding company lets out a portion of its factory premises to its subsidiary company. The let out was done as subsidiary could carry ou...
Nature of tax when unlisted shares subsequently gets listed
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 7, 2015
Trading in shares.. when we hear this, we feel very comfortable . This is because most of us do this very frequently in our daily life. W...
Payment to NR for providing consultancy services not having place of business in India shall be t...
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 6, 2015
Fees for Technical Services (FTS) is defined as consideration including lump sum for rendering of any managerial, technical or profession...
Clarification on classification of rent as Income from Property or Business
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 5, 2015
Rental income received from letting out the property shall be taxed under House Property or as Business Income? Whenever we receive any r...
Machines eligible for depreciation even if installed for trial
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 5, 2015
Where machines installed before the end of financial year to be used for trial run and not for production shall be eligible for claiming ...
No penalty on non-deduction of tax if assessee bona-fide believed that no tax shall be deducted
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 4, 2015
Gifts were distributed without deducting tax to employees on a bona fide believe that such gifts shall not form part of salary. Thus, suc...
Regular trading transactions between shareholder and the company shall not attract sec. 2(22) (e)
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 28, 2015
Where there were regular trading transactions between shareholder and company and the payments received against sales made during course ...
Higher TDS rate of 20% shall not be attracted for non furnishing of PAN by NR where DTAA being mo...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 13, 2015
Case: Deputy Director of Income-tax vs. Serum Institute of India Ltd. Where NR does not furnish PAN, TDS on payment shall be deducted as ...
TDS u/s 194C shall be deducted on payment to transporter for providing chauffeur driven buses on ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 8, 2015
If company hires buses along with drivers for providing pick and drop facility to its employees then payment to such transporter shall at...
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