Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
Automotive radio classification treats integrated infotainment features as supplementary, placing complete and qualifying unassembled units under the ...
Separate corporate personality prevents directors from being personally liable for company deposits without a guarantee or independent legal undertaki...
Global ranking support services involving institutional support, commercial facilitation, coordination, benchmarking, data organisation and reporting are characterised by their actual nature, not contractual labels, skill level or tax deduction under section 194J. Section 44ADA is confined to professions listed in section 44AA(1); advisory or consultancy descriptions do not alone make receipts professional. Where the activity is not a specified or notified profession, qualifying technical consultancy, commission or brokerage, or agency business, it is treated as business activity for section 44AD rather than professional receipts under section 44ADA. A 70% profit estimate lacks a statutory basis where section 44ADA does not apply. Tax deducted at source credit requires verification against Form 26AS before allowance.
Global ranking support services involving institutional support, commercial facilitation, coordination, benchmarking, data organisation and reporting are characterised by their actual nature, not contractual labels, skill level or tax deduction under section 194J. Section 44ADA is confined to professions listed in section 44AA(1); advisory or consultancy descriptions do not alone make receipts professional. Where the activity is not a specified or notified profession, qualifying technical consultancy, commission or brokerage, or agency business, it is treated as business activity for section 44AD rather than professional receipts under section 44ADA. A 70% profit estimate lacks a statutory basis where section 44ADA does not apply. Tax deducted at source credit requires verification against Form 26AS before allowance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
