Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Non-compete fee received is a capital receipt not liable to tax. Surplus on cancellation of debentures issued for capital expenditure is not taxable. Premium paid on redemption of debentures is allowable expenditure. Payment for acquisition of a going concern is capital expenditure. Cost of improvement to be allowed indexation. Cost of acquisition of amalgamated business to be taken as cost to previous owner. Claim of capital loss on surrender of land to DDA not entertained as it requires verification of facts.
Non-compete fee received is a capital receipt not liable to tax. Surplus on cancellation of debentures issued for capital expenditure is not taxable. Premium paid on redemption of debentures is allowable expenditure. Payment for acquisition of a going concern is capital expenditure. Cost of improvement to be allowed indexation. Cost of acquisition of amalgamated business to be taken as cost to previous owner. Claim of capital loss on surrender of land to DDA not entertained as it requires verification of facts.
Note: It is a system-generated summary and is for quick reference only.
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