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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Commission paid to Non-residents – The limit provided under the ...


Foreign Commission Payments: RBI Forex Limits Don't Affect Income Tax Allowability Under Income Tax Act.

June 10, 2014

Case Laws     Income Tax     AT

Commission paid to Non-residents – The limit provided under the RBI guidelines for remittance of commission is relevant only for the purpose of remittance in foreign exchange and is not relevant for determination of the allowability of the expenditure under the Income Tax Act - AT

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