Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Page of 4910
Press 'Enter' after typing page number.
21 to 40 of 98196 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Agency reimbursement income under an MOU is computed from the...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loans.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Agency reimbursement income under an MOU is computed from the principal's opening aggregate deposit liability in finalised accounts; later variations are recognised in the following period. Expenditure is assessed by crystallisation of liability and business nexus: promotional and welfare costs may warrant reasonable restriction where entertainment or extravagance is possible. UPS battery replacement, printing and stationery are revenue items, while communication equipment is capital. Group expenditure requires documentary support, payment evidence, tax-deduction compliance and reasonable allocation. NBFC norms do not govern a partnership firm's field-agent commissions. Deposit collections held as agent pending remittance are not loans or advances for deemed-dividend purposes. Grievance-redressal costs connected with agency services qualify as business expenditure.
Agency reimbursement income under an MOU is computed from the principal's opening aggregate deposit liability in finalised accounts; later variations are recognised in the following period. Expenditure is assessed by crystallisation of liability and business nexus: promotional and welfare costs may warrant reasonable restriction where entertainment or extravagance is possible. UPS battery replacement, printing and stationery are revenue items, while communication equipment is capital. Group expenditure requires documentary support, payment evidence, tax-deduction compliance and reasonable allocation. NBFC norms do not govern a partnership firm's field-agent commissions. Deposit collections held as agent pending remittance are not loans or advances for deemed-dividend purposes. Grievance-redressal costs connected with agency services qualify as business expenditure.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
