Assessee claims ex-employee payments are capital compensation, not taxable salary; disputes applicability of Sections 201(1) and 201(1A).

Assessee claims ex-employee payments are capital compensation, not taxable salary; disputes applicability of Sections 201(1) and 201(1A). https://www.taxtmi.com/highlights?id=33394 TDS u/s 192 - Amount paid to Ex-empoyees - Profits in lieu of salary - the assessee was under bona fide belief that payment made to the ex-employees was in nature of capital compensation and that same was not taxable in the hands of recipients, that the provisions of section 201(1) and 201 (1A) were not applicable- AT en-us Tue, 21 Feb 2017 00:03:42 +0530 Tue, 21 Feb 2017 00:03:42 +0530 TaxTMI RSS Generator Assessee claims ex-employee payments are capital compensation, not taxable salary; disputes applicability of Sections 201(1) and 201(1A). https://www.taxtmi.com/highlights?id=33394 TDS u/s 192 - Amount paid to Ex-empoyees - Profits in lieu of salary - the assessee was under bona fide belief that payment made to the ex-employees was in nature of capital compensation and that same was not taxable in the hands of recipients, that the provisions of section 201(1) and 201 (1A) were not applicable- AT Highlights Income Tax Tue, 21 Feb 2017 00:03:42 +0530 https://www.taxtmi.com/highlights?id=33394