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Compensation for breach of contract for sale of land, is not liable to income tax either as a revenue receipt or as a capital receipt [C.I.T. vs Sterling Investment Corporation Ltd., 123 I.T.R. p.441 (Bombay.)].
Benefit of section 10(10AA) is available even in case of resignation from service by an employee.
Non-resident will not to be liable to deduct tax at source from payments made to persons resident in India,if the source of the aforesaid payments is located outside the Indian Territory.
MCA has issued General Circular No. 01/2016 dated 12.01.2016 on FAQs with regard to Corporate Social Responsibility u/s135 of the Companies Act, 2013 clarifying many grey areas.
Applicability of Service Tax on the services received by apparel exporters in relation to fabrication of garments [Circular No. 190/9/2015-ST].
Benefit of section 10(10AA) is available even in case of resignation from service by an employee.
Non-resident will not to be liable to deduct tax at source from payments made to persons resident in India,if the source of the aforesaid payments is located outside the Indian Territory.
MCA has issued General Circular No. 01/2016 dated 12.01.2016 on FAQs with regard to Corporate Social Responsibility u/s135 of the Companies Act, 2013 clarifying many grey areas.
Applicability of Service Tax on the services received by apparel exporters in relation to fabrication of garments [Circular No. 190/9/2015-ST].