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Remuneration

Payments on 'Transactional Charges' not covered u/s 194J(1)(ba) of Income Tax Act: ITAT deletes Penalty [Read Order]

Yogitha S. Yogesh

The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty order passed by the Commissioner of Income Tax ( Appeal )...

Remuneration paid to Whole-Time Directors of Company in the form of Commission based on Profit...

Work from Home Opportunity for Retired Judges: Kerala HC invites Retired Judges to Translate Supreme...

Intimation order u/s 154 of the Income Tax Act issued for Disallowing Payment of Remuneration to...

Registration u/s 12A(1)(ac)(iii) of Income Tax Act shall not be denied if Remuneration paid to...

Remuneration Paid to Consultant Doctors not Salary, TDS not applicable: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) recently held that the remuneration paid to consultant doctors is not salary, hence Tax Deduction at Source (TDS) is not applicable. ...

Ex-Kings XI Punjab Player Ajitesh Argal not liable to Service Tax for Brand Promotion Payments from Nike India during IPL: CESTAT [Read Order]

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has recently ruled in favour of cricketer Ajitesh Argal, a former under-19 Indian Team player, that he is not...

Relief to Linklaters LLP: Remuneration received by Law Firm for Providing Legal Services Not Taxable as “FTS” as per Indo-UK Treaty, rules ITAT [Read Order]

The Mumbai Income Tax Appellate Tribunal ( ITAT ) while providing relief to Linklaters LLP ruled that remuneration received by a law firm for providing legal services is not taxable as Fee for...

RBI increases Audit Fee for SBAs by 10% from FY 2022-23

It has been decided by the Reserve Bank of India (RBI) to revise the instructions on remuneration payable to the SCAs and SBAs of NBs effective from the FY 2022-23, in terms of the provisions of...

Remuneration including Bonus to Partners duly Supported by Partnership Deed: ITAT Directs Fresh Adjudication on Disallowance [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Kolkata bench, while considering an issue of disallowance under Section 40(b)(v) of the Income Tax Act, 1961, has observed that the...

Remuneration and Share Profits received from Partnership Firm are not eligible for Deduction u/s 80IB: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Pune Bench has held that remuneration and share profits received from partnership firms are not eligible for deduction u/s 80IB. The appellant, Jaideep...

Deputation of Walmart Employees to Flipkart: Karnataka HC orders Income Tax Dept to issue NIL TDS Certificate [Read Order]

In a major relief to e-com giant Flipkart, the Karnataka High Court has delivered a second major ruling on seconded employees in recent times, and set aside an order of the Income...