Fake-invoice penalties remain available where taxpayer admissions and records establish unsupported input tax credit claims and false GST documentatio...
Works contract classification applies to permanently installed fire-protection systems, while earthwork and obsolete IGST concessions remain unavailab...
Professional fee recovery for GST refund representation succeeds where direct engagement, fee acknowledgement, and authority are established despite c...
Transfer pricing of intra-group support services requires prescribed benchmarking; unsupported nil valuation and alternate business-expense disallowan...
For a private discretionary trust taxable at the maximum marginal rate, surcharge on income-tax payable must be calculated by reference to the applicable slab rate. This requires recomputation of surcharge liability using the relevant income-tax slab rather than a calculation detached from that rate structure. The computation principle applies where the trust's status as a private discretionary trust subject to the maximum marginal rate is undisputed.
For a private discretionary trust taxable at the maximum marginal rate, surcharge on income-tax payable must be calculated by reference to the applicable slab rate. This requires recomputation of surcharge liability using the relevant income-tax slab rather than a calculation detached from that rate structure. The computation principle applies where the trust's status as a private discretionary trust subject to the maximum marginal rate is undisputed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
