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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Disallowance u/s 40(a)(ia) – TDS on commission paid to directors ...


TDS on Director Commission: Nature of Payment Determines Tax Treatment, Not Classification as "Income from Other Sources.

December 6, 2014

Case Laws     Income Tax     AT

Disallowance u/s 40(a)(ia) – TDS on commission paid to directors - Merely because the directors have shown the said commission income in their hands as “income from other sources”, it cannot be a ground to exclude the commission paid to the directors from the ambit of salary - AT

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