Tax treatment for individual Direct Selling Agents clarified; services to banks and NBFCs specified and renting of immovable property defined. The notification inserts a new table entry clarifying that services supplied by individual Direct Selling Agents (DSAs), other than a body corporate, partnership or LLP, to banking companies or non banking financial companies located in the taxable territory are separately identified by supplier and recipient class; it also inserts a definition of 'renting of immovable property' to include permitting access, occupation or use, with or without transfer of possession or control, and includes letting, leasing, licensing or similar arrangements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax treatment for individual Direct Selling Agents clarified; services to banks and NBFCs specified and renting of immovable property defined.
The notification inserts a new table entry clarifying that services supplied by individual Direct Selling Agents (DSAs), other than a body corporate, partnership or LLP, to banking companies or non banking financial companies located in the taxable territory are separately identified by supplier and recipient class; it also inserts a definition of "renting of immovable property" to include permitting access, occupation or use, with or without transfer of possession or control, and includes letting, leasing, licensing or similar arrangements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
