corporate and professional update oct 1, 2016
Professional Update For the Day: DIRECT TAX:- Gujarat HC confirms ITAT order, holds ONGC (‘assessee’) in default u/s 201(1)/(1A) for not deducting TDS on payment of ‘uniform allowance’ to its employees for AY 2010-11. It Rejected assessee’s stand that the dress code at work place would qualify as uniform and hence exemption u/s Sec 10(14)(i) …