Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Managing agency commission: contractual sharing requires declaration and each party taxed only on their agreed share. Where a managing agent is contractually liable to share managing agency commission with third parties, the managing agent and each such party must file a declaration showing the proportions of commission shared; on satisfactory proof of those facts to the Income-tax Officer, each person is chargeable only on the share to which they are entitled under the agreement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Managing agency commission: contractual sharing requires declaration and each party taxed only on their agreed share.
Where a managing agent is contractually liable to share managing agency commission with third parties, the managing agent and each such party must file a declaration showing the proportions of commission shared; on satisfactory proof of those facts to the Income-tax Officer, each person is chargeable only on the share to which they are entitled under the agreement.
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