Court Rules Privilege Fee Taxable from April 1, 2014, u/s 40(a)(ii) or (iib) for State Revenue Sharing.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance of Privilege fee paid u/s 40(a)(ii) or (iib) - sharing of revenue with the state - The privilege fee payable by the petitioner to the State Government would be taxable with effect from 1.4.2014 and not prior thereto - HC....