Brokerage commission benchmarking and investment advisory comparability depend on functional differences, economic circumstances and the services prov...
Leave travel concession exemption under section 10(5) is confined to domestic travel, and a bank must deduct tax under section 192(1) on concession payments involving a foreign leg. However, the bank cannot be treated as an assessee in default under section 201 for non-deduction during a period when binding interim judicial directions prevented the deduction. The domestic-travel restriction remains applicable, while the restraint affects default liability for the period covered by the directions.
Leave travel concession exemption under section 10(5) is confined to domestic travel, and a bank must deduct tax under section 192(1) on concession payments involving a foreign leg. However, the bank cannot be treated as an assessee in default under section 201 for non-deduction during a period when binding interim judicial directions prevented the deduction. The domestic-travel restriction remains applicable, while the restraint affects default liability for the period covered by the directions.
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