Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
TDS u/s 195 - disallowance u/s. 40(a)(i) - chargeability of amount to tax in India - rendering of technical services under India-Singapore tax treaty - whether being reimbursement of cost without any mark-up? - The Tribunal, after carefully considering the arguments and examining the relevant agreement, concluded that the payments made by the assessee to BYK Singapore were not reimbursement. The Tribunal noted that the agreement does not support the claim of reimbursement made by the assessee - Receipt of a fixed amount, which may be more or less than the actual outgo, cannot be designated as `reimbursement’.
TDS u/s 195 - disallowance u/s. 40(a)(i) - chargeability of amount to tax in India - rendering of technical services under India-Singapore tax treaty - whether being reimbursement of cost without any mark-up? - The Tribunal, after carefully considering the arguments and examining the relevant agreement, concluded that the payments made by the assessee to BYK Singapore were not reimbursement. The Tribunal noted that the agreement does not support the claim of reimbursement made by the assessee - Receipt of a fixed amount, which may be more or less than the actual outgo, cannot be designated as `reimbursement’.
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