Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Page of 4823
Press 'Enter' after typing page number.
1221 to 1240 of 96456 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Foreign leave travel concession paid to employees is taxable as salary and is not exempt. An employer-bank must deduct tax at source on those payments; this obligation is separate from recovery of tax from employees. A stay or suspension of recovery proceedings against employees does not remove the deduction obligation, which applies again once any stay is vacated. Bank branches were treated as assessees in default where tax was neither deducted nor recovered during periods without an operative stay. Interest for non-deduction is mandatory and consequential, although relief may be sought for stayed periods or where an employee has paid self-assessment tax.
Foreign leave travel concession paid to employees is taxable as salary and is not exempt. An employer-bank must deduct tax at source on those payments; this obligation is separate from recovery of tax from employees. A stay or suspension of recovery proceedings against employees does not remove the deduction obligation, which applies again once any stay is vacated. Bank branches were treated as assessees in default where tax was neither deducted nor recovered during periods without an operative stay. Interest for non-deduction is mandatory and consequential, although relief may be sought for stayed periods or where an employee has paid self-assessment tax.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4823 
Join Channel 
