Restaurant business transfers qualify for GST exemption as going concerns when operations can continue independently despite retained past liabilities...
Voluntary customs statements and seizure evidence support penalties for attempted export of red sanders where alleged retractions remain unsubstantiat...
Time-share membership fees under the mercantile system are recognised over the membership tenure rather than entirely in the year of receipt. For the software-purchase expenditure, section 194J did not require tax deduction and section 40(a)(ia) did not apply. The expression 'payable' in section 40(a)(ia) includes amounts already paid, although that distinction was academic for the software expenditure.
Time-share membership fees under the mercantile system are recognised over the membership tenure rather than entirely in the year of receipt. For the software-purchase expenditure, section 194J did not require tax deduction and section 40(a)(ia) did not apply. The expression 'payable' in section 40(a)(ia) includes amounts already paid, although that distinction was academic for the software expenditure.
Note: It is a system-generated summary and is for quick reference only.
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