https://www.taxtmi.com/article/detailed?id=7873 Proposed amendments treat compensation for termination or modification of employment terms as taxable under Income from Other Sources, and compensation linked to business contracts as taxable as business income, regardless of being revenue or capital in nature, aiming to curb base erosion by widening the tax base; this raises constitutional questions about reclassifying capital receipts as income. en-us Thu, 08 Feb 2018 07:09:06 +0530 Thu, 08 Feb 2018 07:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7873 Proposed amendments treat compensation for termination or modification of employment terms as taxable under Income from Other Sources, and compensation linked to business contracts as taxable as business income, regardless of being revenue or capital in nature, aiming to curb base erosion by widening the tax base; this raises constitutional questions about reclassifying capital receipts as income. Articles Budget - Tax Proposals Thu, 08 Feb 2018 07:09:06 +0530 https://www.taxtmi.com/article/detailed?id=7873