Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act, 2015 amends Section 67 of the 1994 Act, redefining 'consideration' for taxable services and lottery transactions.</h1> Section 67 of the 1994 Act has been amended by the Finance Act, 2015. The amendment revises the definition of 'consideration' to include: (i) any amount payable for taxable services provided or to be provided; (ii) reimbursable expenses incurred by the service provider during service provision, except under prescribed conditions; and (iii) any amount retained by a lottery distributor or selling agent from the gross sale of lottery tickets beyond any fee, commission, or discount received, specifically the difference between the ticket's face value and the distributor's purchase price.
TaxTMI 
TaxTMI 
