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...
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Registered societies returning income in the status of an association of persons or body of individuals are considered for normal tax rates where returned total income remains below the taxable limit. Application of the maximum marginal rate under section 167B is not warranted in those circumstances. Tax computation should therefore follow normal rates, and a return showing income below the taxable limit results in no tax liability.
Registered societies returning income in the status of an association of persons or body of individuals are considered for normal tax rates where returned total income remains below the taxable limit. Application of the maximum marginal rate under section 167B is not warranted in those circumstances. Tax computation should therefore follow normal rates, and a return showing income below the taxable limit results in no tax liability.
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