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Professional Fee

Submission of Professional Fee Records Deemed Sufficient: ITAT deletes Addition of Professional Fees Paid to Doctors [Read Order]

Kavi Priya

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 2 croes made due to the disallowance of...

Determination of ALP of Professional Fee should not be carried out by AO in a case where reference...

Payment made to Doctors for Referring Patient to Assesee is Professional fee, not Referral Fee: ITAT...

Professional Fee of Advocate cannot be Determined after Completion of Case: Madras HC [Read Order]

Professional Fee paid to EY Deductible as Business Expenditure: ITAT [Read Order]

Consultant Doctors are not ‘Employees’: Hospitals need to deduct TDS on payment of Professional Fee, rules ITAT [Read Order]

In a significant ruling for the doctors and the hospitals, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the payment made by assessee hospital to certain consultant doctors...

Professional Fee received in Cash Deposited to bank Account cannot be suspected: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no addition under the Income Tax Act, 1961 can be made towards the deposit of cash received as a professional fee...

Professional Fee paid for Valuation of Know-How is allowable as Deduction: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount paid as professional fee for the purpose of valuation of know-how is a deduction allowable under section 37 of the...

Professional Fee paid to Trustees who are Doctors allowable as Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the professional fee paid to the Trustees, who are qualified doctors are allowable as Deduction under the Income Tax Act, 1961. The...

No TDS on Payment made for Translation of Articles from English to Bengali: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Kolkata bench has held that the provisions relating to tax deduction at the source ( TDS ) cannot be invoked in case of payment made for translation of...

Insolvency Professional punished for Authorizing Firm to raise Invoices for his Professional Fee [Read Order]

The disciplinary committee of the Insolvency and Bankruptcy Board of India (IBBI) has imposed a penalty of one lakh rupees on an Insolvency Professional, Dinkar T. Venkatasubramanian of Ersnt &...

Professional Fee paid for Product Development is Business Expenditure: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s. Nov Sara India Pvt. Ltd v. ACIT held that the professional fee paid for product development is business expenditure which can be...