Day: November 6, 2016

No disallowance us 40(a)(ia) as labour charges paid were salary when PF-ES deducted regularly. Salary us 17(1) includes wages and hence no TDS 194C

No disallowance us 40(a)(ia) as labour charges paid were salary when PF-ES deducted regularly. Salary us 17(1) includes wages and TDS 194C not required-ITAT ABCAUS Case Law Citation: 1047 (2016) (10) ITAT The Grievance: The Assessing Officer (AO) was aggrieved by the order of the CIT(A) in deleting …

Issuance of Rupee denominated bonds overseas by Indian banks-RBI

Issuance of Rupee denominated bonds overseas by Indian banks-RBI allows issue of Perpetual Debt Instruments PDI and Long term Rupee Denominated Bonds  Reserve Bank of India Issuance of Rupee denominated bonds overseas by Indian banks RBI/2016-17/107 A.P. (DIR Series) Circular No. 14 November 03, 2016 To All Category-I …