Home Highlights February 2017 Year 2017 This

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1. Disallowance of design expenses - deferred expenditure - When the design is approved only then the execution of the work would start, therefore, design charges shall...

2. When the assessee incurred expenses towards consultancy charges in order to make investment, the Assessing Officer was not justified in treating and considering the...

3. Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments

4. Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments - Public Notice

5. TDS u/s 195 - payment to abroad (USA / UK) of communication charges, commission charges, legal and professional charges, marketing & selling charges and business...

6. TDS u/s 194I - TDS liability on payment development charges, lease charges and other charges paid to RIICO - the development charges can not be considered as rent - AT

7. TDS u/s 195 - nature of 'referral fee' paid outside India - No services were rendered in India by these two companies for facilitating the investment in the assessee...

8. Nature of expenditure - expenditure incurred for development of a new product including knowhow - Thus expenditure incurred by the assessee being technical consultancy...

9. Disallowance of business loss of discontinued business: Deduction for expenditure incurred towards professional charges, consultancy charges, ESI arrears, and bank...

10. Scientific and Technical Consultancy Charges - assistance provided to Joint Venture partner including procurement/ purchase of moulds, machineries, drawings, designs etc....

11. Implementation of Tax Deduction at Source (TDS) under GST

12. Auto Out of Charge under Express Cargo Clearance System (ECCS)

13. Service provided by a director to Company - reverse charge system is applicable

14. Security services also brought within reverse charge system - see amended notification

15. Section 14A disallowance restricted to 2% of exempt income due to inapplicability of Rule 8D for the relevant assessment year. TDS disallowance u/s 40(a)(ia) upheld for...