| The Goods and Services Tax (GST) Council has put in place an elaborate framework for division of taxpayers between the state and central tax authorities, in a move aimed at bringing clarity and effectiveness in the administration of the new indirect tax regime. |
| One nation, one tax: Nearly 3 million GST returns filed in August |
| Export Commission paid to Indian agent of Non Resident, taxable in India; Disallowance of commission in hands of payer under section 40(a)(i)
Recently Madras High Court has held that commission paid to an Indian agent of a non-resident (NR) will be taxable in India as business income. as a result, such payment shall be subject to withholding tax under section 195 of the Income-tax Act, 1961 and non-compliance of the same was liable for disallowance of such payments under section 40(a)(i) of the Act. Export Commission paid to Indian agent of Non Resident, taxable in India; Disallowance of commission in hands of payer under section 40(a)(i) |
Give some Likes to Authors
