Daily Archive: Sunday, June 12, 2016

Payments to franchisees held liable to TDS us 194C not 194J. Modus operandi for fee collection and revenue sharing not determine for tds on amount remitted

Author: | Categories: Income Tax, ITAT, Judgments No comments
Payments to franchisees held liable to TDS us 194C not 194J. The modus operandi for collection of the fees as well as of the revenue sharing cannot determine whether the amount remitted by the assessee to the franchisee is subject to tax deduction at source u/s 194J. This was upheld by ITAT

 

CA providing fake accommodation entries banned/removed from practice for life by PH High Court on reference by ICAI holding him guilty of misconduct

Author: | Categories: High Courts, ICAI, Judgments No comments
CA providing fake accommodation entries banned/removed from practice for life by PH High Court on reference by ICAI holding him guilty of misconduct. Case Law Details: Civil Reference No. 5 of 2012 (O&M) Institute of Chartered Accountants of India (Petitioner) v. Vivek Kapoor and others (Respondents) Date of Judgment:

 

STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial pronouncements

Author: | Categories: Income Tax, ITAT, Judgments No comments
STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial pronouncements ITAT observed that in deciding whether a transaction of sale of shares is business income or investment income taxable as short term or long term capital gain, the following

 

Annual Conference of CBDT-CBEC senior tax administrators.The two Revenue Boards first time holding the conference simultaneously on 16-17th June, 2016

Author: | Categories: Income Tax No comments
Annual Conference of CBDT-CBEC senior tax administrators 2016  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 12th June, 2016. Press Release Sub: “राजस्व ज्ञानसंगम – Annual Conference of CBDT-CBEC senior tax administrators.The two Revenue Boards first time holding the conference simultaneously