Call-recording requirements for institutional-investor client communications become non-mandatory, while institutional-investor status adopts the exis...
Restricted silver imports may clear under a valid import authorisation without additional status or exchange-routing requirements unless expressly imp...
Head Office cost allocation requires prescribed transfer-pricing methods; treaty ceilings bar surcharge and cess, while duplicate taxation is excluded...
Excess managerial remuneration, previously taxed but later finally determined and actually recovered by the employer, may be adjusted against salary income in the year of recovery. The adjustment operates under section 15 as recognition of remuneration the employee was not entitled to retain, rather than as a deduction of expenditure under section 16. Annuality of assessment does not prevent recognition of the distinct subsequent recovery where its genuineness and repayment are undisputed. The original year's salary assessment and tax deduction remain undisturbed.
Excess managerial remuneration, previously taxed but later finally determined and actually recovered by the employer, may be adjusted against salary income in the year of recovery. The adjustment operates under section 15 as recognition of remuneration the employee was not entitled to retain, rather than as a deduction of expenditure under section 16. Annuality of assessment does not prevent recognition of the distinct subsequent recovery where its genuineness and repayment are undisputed. The original year's salary assessment and tax deduction remain undisturbed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
