Month: July 2011
584 articlesIncome Tax

Income Tax
Section 197A(1A) merely requires a declaration to be filed by the payee of the interest, and once it is filed the payer not liable to deduct TDS therefrom under s 194A and no disallowance can be made under s 40(a)(ia)
Income Tax

Income Tax
Merely because assessee failed to prove the gift in the manner required by the department, it is not possible to conclude that assessee concealed her income
Income Tax

Income Tax
Marketing and reservation charges are not Royalty or FIS and they are in the nature of business income and since the assessee does not have a PE in India, the same are not taxable in India
Finance

Finance
