Tax treatment for individual direct selling agents supplying banks and NBFCs clarified, with renting of immovable property defined. The notification inserts a new rate-table entry for services supplied by individual Direct Selling Agents (excluding bodies corporate, partnerships and LLPs) to a banking company or a non-banking financial company located in the taxable territory, and adds a definition of 'renting of immovable property' to mean allowing access, entry, occupation, use or similar facilities with or without transfer of possession or control, including letting, leasing and licensing. The amendment is effective from 27 July 2018.
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Provisions expressly mentioned in the judgment/order text.
Tax treatment for individual direct selling agents supplying banks and NBFCs clarified, with renting of immovable property defined.
The notification inserts a new rate-table entry for services supplied by individual Direct Selling Agents (excluding bodies corporate, partnerships and LLPs) to a banking company or a non-banking financial company located in the taxable territory, and adds a definition of "renting of immovable property" to mean allowing access, entry, occupation, use or similar facilities with or without transfer of possession or control, including letting, leasing and licensing. The amendment is effective from 27 July 2018.
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