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Madras HC stays Service Tax proceedings against A R Rahman
The Madras High Court reportedly stayed an order passed by a Commissioner of Goods and Services Tax (GST) and Central Excise on October 17, accusing...
![No TDS since Amount paid to RMCs by Tour Operators for Purchase of Foreign Currency cannot be treated as Commission: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Tour-Operators-Service-Tax-Taxscan.jpg "No TDS since Amount paid to RMCs by Tour Operators for Purchase of Foreign Currency cannot be treated as Commission: ITAT [Read Order]")
![No GST on services supplied to Nepal against payment in Indian Currency [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/08/GST-Tax-Scan.jpg "No GST on services supplied to Nepal against payment in Indian Currency [Read Notification]")
Travel, Telecommunication Expenses & Ex-Pat Salary paid in Foreign Currency are Excludable from both Export & Total Turnover: ITAT [Read Order]
The division bench of the ITAT, Bangalore, in ACIT v. M/s Century Link Technology India Pvt. Ltd, has held that the payments made in foreign currency towards foreign travel, telecommunication expenses...
![Travel, Telecommunication Expenses & Ex-Pat Salary paid in Foreign Currency are Excludable from both Export & Total Turnover: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Travel-Abroad-Taxscan.jpg "Travel, Telecommunication Expenses & Ex-Pat Salary paid in Foreign Currency are Excludable from both Export & Total Turnover: ITAT [Read Order]")
Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]
A division bench of the Allahabad High Court, in CIT v. Jayaprakash Industries Pvt Ltd, held that the difference on foreign currency translation which is notional debit/credit, did not represent any...
![Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Foreign-Currency.jpg "Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]")