Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    CBIC Revises Tariff Values Under Section 14(2) for...     TaxTMI    Diamond Imprest Authorisation Form Updated with...     TaxTMI    Sea Cargo Manifest Regulations: CBIC Extends...     TaxTMI    CBIC Implements Electronic Processing for Personal...     TaxTMI    CBDT Authorizes Waiver of Interest on Delayed...     TaxTMI    SEBI Introduces New Governance Rules for High Value...     TaxTMI    Government exempts Bengal gram from AIDC and SWS...     TaxTMI    CGST Rules Amended: Rule 164 Changes Affect Tax...     TaxTMI    SEBI Eases ESG Compliance: New Green Credit...     TaxTMI    Portfolio Managers Given Extended Timeline of 15...     TaxTMI    CBIC Clarifies Section 128A Waiver Eligibility for...     TaxTMI    Transfer of Development Rights Constitutes...     TaxTMI    GST Fraud Mastermind Denied Bail Under Sections...     TaxTMI    Time-Barred GST Demand Quashed: Three-Year...     TaxTMI    Tax Assessment Order Invalidated for Missing...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Non-compete Fees Classified as Taxable Business Income, Impacting Reporting and Tax Obligations Under Income Tax Laws.


Non-compete Fees Classified as Taxable Business Income, Impacting Reporting and Tax Obligations Under Income Tax Laws.

August 13, 2012

Case Laws     Income Tax     AT

Non-Compete fees - taxability - chargeable to tax as ‘business income’ - AT

View Source

 

← Previous Next →

 

You may also like:

  1. TP - Non compete fees - Estimation of income - assessee had signed non compete agreement - no justification for non payment of non compete fees to the assessee -...

  2. TDS u/s 194L - TDS on the payment of non-compete fee - non compete fee did not confer any exclusive right to carry-on the primary business activity. The right is...

  3. Disallowance of depreciation u/s 32 - intangible assets - amount paid for non compete fees - non compete fee is not an eligible intangible asset as the words “similar...

  4. The assessee failed to deduct tax on professional fees paid to various non-residents. The Assessing Officer (AO) held that the fees were liable to tax in India under the...

  5. Non compete fee receipt - long term capital gain or business income - the amount of ₹ 39,35,00,000/- received by the assessee company as non compete fee, is a...

  6. Non-compete fees - payment received as non-competition fee under a negative covenant is a capital receipt and not taxable under the Act. - HC

  7. Income from license fees - income under the head ‘Income from other sources’ OR 'business income' - AT

  8. Non-compete fees paid - non-compete fee paid by the assessee did not create any capital assets, the same was revenue in nature- AT

  9. Depreciation on the capitalised sum of non - compete fees - as non compete fee is not an asset, depreciation cannot be allowed - AT

  10. Non-compete fee receipt - consideration for transfer of the shares - Capital Gains or business income - In order to attract section 28(va)(a), there is no condition of...

  11. Penalty u/s 271(1)(c) was imposed for disallowance of depreciation on non-compete fees. The CIT(A) relied on Sharp Business System [2012 (11) TMI 324 - Delhi High...

  12. Declared Service u/s 66 E(e) of FA or not - Business Transfer Agreement (BTA) entered by the Appellant having a non-compete clause - The tribunal held that, Adjudication...

  13. Set off of brought forward business loss of earlier years - We also see no conflict in an income being taxable under the head profits and gains from business or...

  14. Taxability of Non-Compete fees – post amendment in Sec. 28 with the insertion of Clause (va) to section 28, the Non compete fee of Rs. 5 crores received by the assessee...

  15. Taxability of income - Characterization of receipts - software sub-licence fee - the income in dispute, since can be classified under other Articles of the tax treaty,...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: GST Compliance Challenges When Reselling Soil Without Proper Invoices ...
F: GST Amnesty Scheme: Mapping Excess Tax Payments in DRC-03 Form with DR...
F: Temporary Export for Repair and Software Upgrade to Related Party Not ...
F: Input Tax Credit Available for Technical Advisory Services on Foreign ...
F: How to Claim GST Pre-Deposit Refund After Favorable Appeal When Portal...
F: Restaurants eligible for composition scheme when delivering through Sw...
F: Businesses with Multiple Locations Under One GST Number Can Use Single...
H: Customs Duty Rates Under India-UAE CEPA to Change from April 2025 Thro...
H: Karnataka Urban Water Supply Drainage Board receives tax exemption und...
H: Income-tax Rules Amended: Form 3CD Gets Major Overhaul with New Report...
H: Government Amends India-Mauritius CECPA Tariff Structure with New Duty...
H: SEBI Amends REIT Regulations: Relaxed Lock-in Rules for Sponsors and N...
A: India's Global Impact: Economic Power, Diplomatic Ties, and Strategic ...
A: Supreme Court Rules Unlisted Claims in Resolution Plans Extinguished, ...
A: LLPs Must File Form 8 by October 30, Form 11 by May 30 to Avoid Penalt...
A: Fake Invoices in GST: Understanding Illegality, Economic Impact, and L...
A: Guide to Recycling Metal Cans, Perfume Bottles, and Packaging Material...
A: Trade Wars Escalate: Tariffs Disrupt Global Supply Chains, Raise Price...
A: Hedge Funds: High Returns, High Risk, Complex Strategies. Evolving wit...
A: CAPEXIL: Boosting India's Chemical Exports Since 1958 with RODTEP MAI ...
A: AEPC Boosts Indian Apparel Exports with Market Research, Trade Fairs, ...
A: Investor Education and Protection Fund Authority Rules 2018: Ensuring ...
A: Understanding Inverted Duty Structure: When Input GST Exceeds Output G...
A: Navigating Valuation Rules for Importing Services: GST, Customs, and I...
H: GST Assessment Order Set Aside for Lacking Document Identification Num...
H: Refund of Unutilised Input Credit Allowed After Shipping Bills Properl...
H: Penalty Under Section 271C Deleted For Bona Fide Short TDS Deduction O...
H: Additions Under Section 68 Invalid When Based on Undisclosed Investiga...
H: Reassessment Order Set Aside: AO's Failure to Follow Procedure and Com...
H: Tribunal Excludes Three IT Giants as Comparables for Transfer Pricing ...