corporate and professional update 19 sep 2017
CORPORATE AND PROFESSIONAL UPDATE 19 SEP 2017 Direct tax Madras HC confirms ITAT order, holds that commission paid by assessee-individual (engaged in garments exports) to an Indian agent on behalf of the foreign entity is taxable in India, confirms Sec. 40(a)(i) disallowance for AY 2002-03. [TS-390-HC-2017(MAD)] ITAT Bangalore held that TDS not deductible on loss on …