disallowance Archives - NewsTaxIndia

CBDT Circular on Chapter VIA deduction on Enhanced Profits

November 3, 2016 NewsTaxIndia0 comments816 views

CBDT Circular on Chapter VIA deduction on Enhanced Profits Subject: Chapter VIA deduction on enhanced profits – Reg. Chapter VI-A of the Income-tax Act, 1961 (“the Act”), provides for deductions in respect of certain incomes. In computing the profits and gains of a business … Continue Reading →

Income Tax

Withholding Tax on in case of Non Residents Disallowance u/s 40(a)(i)

October 29, 2016 NewsTaxIndia0 comments789 views

Withholding of tax on “Other sum chargeable” in the case of Non Residents Disallowance u/s 40(a)(i) of the Income tax Act, CBDT Foreign Tax & Tax Research-II (FT & TR-V Division) dated 26th of October, 2015. Reference is invited to Circular No 3/2015 dated 12-02-2015 … Continue Reading →