Approved gratuity fund provisions remain deductible despite general actual-payment requirements, preventing revision of the allowed gratuity deduction...
Verification of intangible software expenditure and duplicated disallowances requires record-based reassessment before depreciation and income computa...
Cash receipt aggregation requires a single transaction, event or occasion; separate partner capital contributions cannot attract cash-receipt penaltie...
Foreign tax credit under section 90 for United States tax paid on salary and interest income requires timely filing of the income-tax return and Form 67, supported by proof of foreign tax payment. Compliance with these prescribed formalities supports entitlement to treaty-based credit and grant of the claim where the required conditions are met.
Foreign tax credit under section 90 for United States tax paid on salary and interest income requires timely filing of the income-tax return and Form 67, supported by proof of foreign tax payment. Compliance with these prescribed formalities supports entitlement to treaty-based credit and grant of the claim where the required conditions are met.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4925 
