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CRITICAL ISSUES IN CORPORATE TAXATION. Saturday , 29th June, 2013 Direct Taxes Refresher Course Vadodara Branch of WIRC of ICAI Vadodara Gujarat. Deemed Dividend- 1. Deemed dividend of earlier years –effect P. Satya Prasad, 141 ITD 403 (Visakhapatnam)

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Critical issues in corporate taxation

CRITICAL ISSUES IN CORPORATE TAXATION

Saturday, 29th June, 2013

Direct Taxes Refresher Course

Vadodara Branch of WIRC of ICAI

Vadodara

Gujarat

Pradip N. Kapasi Chartered Accountant


Deemed dividend 1

Deemed Dividend- 1

  • Deemed dividend of earlier years –effect

  • P. Satya Prasad, 141 ITD 403 (Visakhapatnam)

  • Company and license - MLA in financing business

  • Krishna GopalMaheshwari, 28 taxmann.com 13 (Agra)

  • Credit by journal entries

  • Gurbinder Singh, 146 TTJ 60 (Chennai)

  • Allotment of flat with occupancy rights - S. 2(22)(a)

  • Shantikumar D Majithia, 140 ITR 251 (Mum)

Pradip N. Kapasi Chartered Accountant


Deemed dividend 2

DeemedDividend- 2

  • Credit bal. of properiotor on conversion into company

  • Radhe Sham Jain, 28 taxmann.com 255 (Chd)

  • Loan in lieu of bank guarantee by MD

    • Smt. G. Sreevidya, 24 taxmann.com 75 (Chennai)

  • Holding co. channelling loans from/to subsidiaries

    • Farida holdings (P.) Ltd., 21 taxmann.com 462 (Chennai)

    • Advance salary to Managing Director

    • N. Pramodh, 52 SOT 38 (Chennai)

  • Pradip N. Kapasi Chartered Accountant


    Deemed dividend 3

    Deemed Dividend- 3

    • Tax in the hands of shareholders or recipients

      • BhaumikColour, 120 TTJ 865 (Mum.) (SB)

      • Universal Medicare, 237 CTR 147 (Bom.)

    • Registered & Beneficial Owner

      • Hotel Hilltop, 217 CTR 527 (Raj.)

      • Ankitech (P) Ltd., 242 CTR 129 (Del.)

    • Where partnership is a recipient

      • National Travel Service, 202 Taxman 327 (Del.)

      • ChandmullBatia, 115 ITR 388 (Cal.)

    • Where beneficiary; HUF, Trust, AOP, BOI,

    • Two or more persons with substantial interest

      • None. Anyone. Proration

    Pradip N. Kapasi Chartered Accountant

    Pradip N. Kapasi Chartered Accountant


    Deemed dividend 4

    Deemed Dividend- 4

    • Need for Economic benefit

      • Swati Energy & Projects Pvt. Ltd., 11 ITR (Trib.) 705 (Mum.)

    • Loan to a Debenture holder

      • Anilkumar Agarwal, 132 ITD 314 (Mum.)

    Pradip N. Kapasi Chartered Accountant


    Minimum alternative tax 1

    Minimum Alternative Tax- 1

    • Clause (i) in Expl 1 inserted w.r.e. from 2001

    • ‘provision’ and ‘erosion’

      • Whirlpool of India Ltd., 31 taxmann.com 200 (Delhi)

    • S. 80IB deduction and Book Profit

    • Sankhala Polymers , 31 taxmann.com 166 (Karnataka)

    • Capital gains on sale of property reflected in bal.sheet.

    • Forever Diamonds (P) Ltd. 31 taxmann.com 152 (Mum)

    • Loan liability credited to profit and loss account

    • Dream Shelters (P) Ltd. 56 SOT 440 (Agra)

    Pradip N. Kapasi Chartered Accountant


    Minimum alternative tax 2

    Minimum Alternative Tax- 2

    • Provision for gratuity & MAT

    • Echjay Forgings (P) ltd., 251 ITR 15 (Bom)

    • Rotork Controls India (P) Ltd. 314 ITR 62 (SC)

    • Inox Leisure Ltd. , 351 ITR 314 (Guj)

    • Provision for warranty & dimi. in value of assets

    • Becton Dickinson India (P) Ltd., 29 taxmann.com 80

    • Incremental liability for leave encashment

      • not debited to P & L A/c but referred in notes

        • K.K. Nag Ltd., 52 SOT 381

    Pradip N. Kapasi Chartered Accountant


    Minimum alternative tax 3

    Minimum Alternative Tax- 3

    • Agreed Additions

    • Dream Shelter (P) Ltd., 56 SOT 440

    • Withdrawal of MAT & DDT exemption to SEZ

    • promissory estoppel

      • Mindtree Ltd, 34 taxmann.com 250 (Karnataka)

  • Priority of credit u/s 115JAA over SC & EC

    • Classic Shares & Securities (Mum.), ITA No. 5869/Mum/2007

  • Depreciation at different rates

    • MalayalaManorama Ltd, 300 ITR 251 (SC)

    • Dynamic Orthopedics, 321 ITR 300 (SC)

  • Loss on reduction in share capital

    • SumiMotherson, 2010-TIOL-756-Delhi

  • Pradip N. Kapasi Chartered Accountant


    Firm to company

    Firm to Company

    • Appreciation on revaluation of Assets and capital gains tax

      • Alta Inter-chem Industries 32 taxmann.com138 (Ahd)

    • Receipt of higher number of shares on revaluation

      • Nayan L. Mepani, 49 SOT 641

    • Slump sale by a proprietor to a company & eligibility

      • Madan Mohan Chandak, 47 SOT 207 (Chennai)

    • An income otherwise not taxable & violation of S. 47A(3)

      • Umicore Finance Luxembourg, 189 Taxman 250

    • Delay in allotment of shares on conversion and S. 47 (xiv)

      • Sanjay Singh, 50 SOT 67 (Delhi)

      • Prakash Electric Co., 118 TTJ 539 (Bang.)

    Pradip N. Kapasi Chartered Accountant


    Amalgamation demerger 1

    Amalgamation & Demerger-1

    • Benefit of S. 47(v) only to wholly owned subsidiary

      • Sunaero Ltd., 345 ITR 163 (Delhi)

    • Reserves representing gains on amalgamation

      • Spencer & Co., 148 TTJ 421 (Chennai)

    • Holding and subsidiary company - sole shareholder

      • Credit Suisse (Int), 349 ITR161 (AAR)

    • Gift of shares of Indian Co.

      • By foreign company to its Indian subsidiary

        • Orient Green Power Pte. Ltd., 346 ITR 557 (AAR)

    Pradip N. Kapasi Chartered Accountant


    Amalgamation demerger 2

    Amalgamation & Demerger-2

    • ‘Appointed day’ approved by the court & AO

      • Indus Fila Ltd., 142 ITD 296 (Bom)

      • Marshal & Sons, 223 ITR 809 (SC)

      • Torrent P. Ltd, 354 ITR 34 (Guj.)

    • BIFR’s power to grant benefit of S. 72A

      • without consulting CBDT after 1.4.2000

        • Orient Vegetax Pro Ltd., 210 Taxmann 1(Delhi)

        • Indian Shaving Products Ltd., 218 ITR 140 (SC)

    • Directions of BIFR are binding on AO

      • Kirloskar Oil Engines Ltd., 54 SOT 201(Pune)

    Pradip N. Kapasi Chartered Accountant


    Amalgamation demerger 3

    Amalgamation & Demerger-3

    • Demerger and tax savings

      • Vodafone Essar Ltd. 24 taxmann.com 323 (Guj)

    • S. 72A & c/f and set off of S. 35 expenditure

      • Mahyco Vegetable Seeds Ltd., 123 ITD 40 (Mum)

    • Deduction for bad debts of predecessor company

      • Times Business Solutions, 33 taxmann.com 173 (Delhi)

    • Set-off of losses of amalgamated company-

      • Reverse merger

        • Wrigley India (P) Ltd., 142 TTJ 23 (Del.)

    Pradip N. Kapasi Chartered Accountant


    Amalgamation demerger 4

    Amalgamation & Demerger – 4

    • S.47(vii) and s.2(19AA)

      • W.e.f. 01.04.2013, A.Y. 2013-14

      • Saving from allotment of shares in consideration

      • Where concerned company a shareholder

      • Prospective application, only

    Pradip N. Kapasi Chartered Accountant


    Critical issues in corporate taxation

    Buy back of shares-I

    s.10(34A) & Chapter XII DA & s.115QA to QC,

    • Introduction w.e.f. 01.06.2013

    • Present position

      • Not a dividend u/s 2(22)

      • Taxable as capital gains u/s 46A

      • No specific provision for dealer in shares

      • No tax on company

      • Amendment

      • Tax on Domestic company buying back shares

        • Tax @20% +SC+EC

        • Deduction for amount received for shares - Premium

        • Provisions for payment and recovery

        • Shares of company not listed on recognized SE

    Pradip Kapasi & Co.


    Buy back of shares ii s 10 34a chapter xii da s 115qa to qc

    Buy back of shares-IIs.10(34A) & Chapter XII DA & s.115QA to QC,

    • Applicable to:

      • All unlisted companies

      • All shares -Preference shares

      • All shareholders

      • Buy back as per s.77A of Companies Act,1956

      • Tax not deductible for company

    Pradip Kapasi & Co.


    Buy back of shares iii s 10 34a chapter xii da s 115qa to qc

    Buy back of shares-IIIs.10(34A) & Chapter XII DA & s.115QA to QC,

    • Parallel provisions of s.46A

    • Cost of acquisition of shareholder

    • Treatment of losses

  • Exemption in hands of shareholder of receipts

    • Where tax paid by company u/s 115QA

    • No credit for taxes paid for shareholders

  • Pradip Kapasi & Co.


    Ddt s 115 o ia

    DDT- s.115-O (IA)

    • W.e.f. 01.07.2012

    • One cascading effect of DDT on Dividend relaxed

    • Distribution by recipient domestic company eligible for relief

      • Need not be an ultimate holding company

      • May be subsidiary of another upstream company

    • Concession only for group companies

    • Amendment w.e.f. 01.06.2013

    • Further relief from cascading effect

    • Receipt of dividend by Indian company

      • From foreign subsidiary co

      • Tax payable u/s. 115BBD

      • One time reduction

    Pradip N. Kapasi Chartered Accountant


    Dividend from foreign co s 115bbd

    Dividend from Foreign Co - s.115BBD

    • Amendment w.e.f. AY 2014-15

    • Receipt of dividend by a Indian Co

    • From foreign subsidiary co( 26 per cent)

    • Tax @ 15%

    • Benefit extended once more to FY 2013-14

    Pradip Kapasi & Co.


    Public offer exemption u s 10 38

    Public Offer & Exemption u/s 10(38)

    • Amendment of Finance Act, 2012 for STT

      • Offer for sale of unlisted equity shares to public in an IPO

      • STT @ 0.2% by lead Merchant Banker form Seller

      • Subsequent Listing on recognized Stock Exchange

    Pradip N. Kapasi Chartered Accountant


    Securitization trusts i s 10 23da 10 35a chapter xii ea s 115ta to 115tc

    Securitization Trusts -Is.10(23DA), 10(35A) & Chapter XII EA s.115TA to 115TC

    • Amendment w.e.f. 01.06.2013

    • New provision for exemption for Secu. Trust

      • Income from activity of securitization

      • Trust regulated by RBI or SEBI

      • Additional tax on distribution of income on Trust

      • [email protected]% plus SC+EC

      • [email protected]% plus SC+EC

      • Nil where investor is exempted from tax

      • Tax on distribution

      • Provisions for payment return and recovery

      • Exemption for Beneficiaries(Investor)

      • DDT for Investor

    Pradip Kapasi & Co.


    Securitization trusts ii s 10 23da 10 35a chapter xii ea s 115ta to 115tc

    Securitization Trusts -IIs.10(23DA), 10(35A) & Chapter XII EA s.115TA to 115TC

    • Material difference from s.10(23FB)

    • Tax on income after deductions

    • Treatment of losses of investor

    • Securitization company

    Pradip Kapasi & Co.


    Insurance policies s 10 10d s 80c 3a

    Insurance Policies s.10(10D)&s.80C(3A)

    • Amendment w.e.f. A.Y. 2014-15

    • Exemption u/s 10(10D) for receipt under a LIP

      • Premium <= 10% of sum assured

      • Deduction u/s 80C for premium under LIP

      • Relaxation for Disabled or Diseased Recipient

      • Premium <= 15% of sum assured

    • No exemption for sum received under a KIP

    • KIP assigned before maturity

      • Rajan Nanda, 349 ITR 8(Del.)

      • Amendment for continued treatment as a KIP

    Pradip Kapasi & Co.


    Investment allowance i s 32ac

    Investment Allowance -I s .32AC

    • Introduction For A.Y. 2014-15 & A.Y. 2015-16

    • New Allowance only for companies

    • Engaged in business of manufacture or production

      • Article or thing

    • New P&M acquired and installed

      • After 31.03.2013 but before 01.04.2015

    • Actual cost of new assets to exceed Rs. 100 crore

      • During 1.4.2013 to 31.3.2015

    • Usual exclusions

    Pradip Kapasi & Co.


    Investment allowance ii s 32ac

    Investment Allowance -II s .32AC

    • Not to reduce WDV and quantum of depreciation

    • No provisions for Reserve and Utilization

    • No provision for carry forward of allowance

    • Book Profit unaffected- MAT leviable

    • No transfer within 5 years of installation

    • Deemed income of year of transfer

      • Exception for amalgamation and/or demerger

    Pradip Kapasi & Co.


    Investment allowance iii s 32ac

    Investment Allowance -III s .32AC

    • Investment=cost of purchase + installation expenses

    • Advance/WIP before 1.04.2013

    • Allowance @ 15% of Actual cost

    • A.Y. 2014-15 only if cost exceeds Rs.100 crore

    • A.Y. 2015-16 on entire cost

    • Reduced by cost for which ded. allowed in A.Y. 2014-15

    Pradip Kapasi & Co.


    Commodity derivatives ctt s 36 1 xvi 43 5

    Commodity Derivatives & CTT S.36(1)(xvi)& 43(5)

    • Introduction w.e.f. 2014-15

    • Commodity derivative

      • Non speculative u/s 43(5)

      • Eligible transaction & Compliance

    • Commodity Transaction Tax

      • Eligible for deduction

        • Where income included in business income

        • Pertains to taxable commodities transactions

    Pradip Kapasi & Co.


    Employment of new workmen s 80jjaa cl 18

    Employment of New workmens.80JJAA,cl.18

    • Amendment w.e.f. AY 2014-15

    • Deduction to cos for wages to new workmen

    • New stipulations

      • Deduction for profits and gains derived from

        • ‘Factory’ in place of ‘Industrial Undertaking’

        • ‘Manufacture’ in place of ‘Manufacture or production’

        • ‘Gods’ in place of ‘Article or thing’

        • ‘Hive off or transfer or acquired on amalgamation of IU’ in place of ‘formed by splitting up or reconstruction or amalgamation of a company’

      • Panacea Biotec Ltd, 121 TTJ 959(Del.)

      • Texas Instruments (India)P. Ltd, 115 TTJ 976 (Bang)

    Pradip Kapasi & Co.


    Receipt of shares by chc firm i s 56 2 viia

    Receipt of shares by CHC & Firm -I s.56(2)(viia)

    • Receipt of shares of a non s. 2(18) company

    • By ‘firm’ and ‘company’ recipients

      • s. 2(18) company excluded

      • LLP included

    • With/out consideration > Rs. 50,000, whole

    • FMV as per Rules 11U & 11UA

    • By or From –Resident or not

      • COA in hands of recipient – s.49(4)

    • Substantive not clarificatory

    • Shares

      • Preference shares included – CD not included

      • Rights not included - Shares of subsidiaries

    Pradip N. Kapasi Chartered Accountant


    Receipt of shares by chc firm ii s 56 2 viia

    Receipt of shares by CHC & Firm -IIs.56(2)(viia)

    • Exclusion for transfers s. 47(via),(vic),(vicb),(vid),(vii)

      • Amalgamation, demerger, co-op. bank succession

    • No exclusions

      • Similar to s. 56(2)(vii) – Relative, etc.

      • For stock-in-trade

      • For shares of foreign companies

      • For other exempted transfers

      • For deemed transfers

    • Adjustment in purchase cost

    • W.e.f. 01.06.2010

    Pradip N. Kapasi Chartered Accountant


    Receipt of premium by chc s 56 2 viib

    Receipt of ‘premium’ by CHC s.56(2)(viib)

    • Issue of shares by closely held company, A.Y. 2013-14

      • Receipt’ by a ‘CHC’ from a ‘resident’

      • Consideration for ‘issue’ of ‘shares’

        • Where exceeds face value

          • Tax on excess over FMV of shares -Rs.50,000

    • Exemption for issue by VCC, VCF and VCU

      • FMV as per prescribed method or satisfaction of A.O.

  • Non resident, R&NOR

  • Preference shares

  • Income of the company

  • Pradip N. Kapasi Chartered Accountant


    Share capital and s 68 amendments i

    Share Capital and s.68- Amendments -I

    • Three Amendments of FA, 2012- w.e.f. A.Y. 2013-14

    • Law of cash creditors up to A.Y. 2012-13

    • Provisions. Essentials. Case Laws. Rate

      • S. Hastimal, 49 ITR 273 (Mad.) –Source of source

      • Lovely Exports (P) Ltd., 216 CTR 195 (SC)

        • Shareholders name & address

      • Steller Investment Ltd., 115 Taxman 99 (SC)

        • Non- genuine (Owners of Funds)

      • Divine Leasing, 158 Taxman 440 (Del.)

        • Non- genuine (Owners of Funds)

      • Onus shifted to AO to examine capacity

    Pradip N. Kapasi Chartered Accountant


    Share capital and s 68 amendments ii

    Share Capital and s.68- Amendments-II

    • Expanding and extending onus for certain receipts

      • Share capital. Share premium. Likereceipts

      • From resident- VCC & VCF excluded

      • Closely held company

    • Onus to explain sources of source of receipt

      • Payer to offer explanation- nature & source

      • Satisfaction of AO

      • On notice by AO to Payer

      • Relevance of satisfaction of Payer’s AO

    • Consequence

      • Income of CHC

      • Tax at 30% u/s 115BBE

      • Absence of discretion

    Pradip N. Kapasi Chartered Accountant


    Liquidation s 46

    Liquidation s. 46

    • COA of asset in the hands of shareholder

      • FMV on the date of distribution

      • Not to be reduced by Deemed dividend

      • S. 49 (1)(iii)(c) and s. 55(2)(b)(iii) - applicability

        • T.R.Srinivasan, 133 TTJ 49(Chennai)

    • Piecemeal taxation and deduction of COA

      • Cable and Wireless Ltd., 90 ITR 84 (Bom)

      • Inland Agencies (P) Ltd., 143 ITR 186 (Mad)

    • Benefit of reinvestment

      • Ruby Trading Co. P. Ltd., 259 ITR 54 (Raj)

      • Brahmi Investment P. Ltd., 48 TTJ 326(Ahd.)

    • Exemption – distribution of qualifying asset

      • ‘Purchase’ or not for s. 54F

    • Distribution of stock - ‘other asset’

      • Taxability of capital gains

    • Applicability of s. 50C

    Pradip N. Kapasi Chartered Accountant


    Deemed speculation 1

    Deemed Speculation 1

    • Application to a Broker

      • PriyashaMever Finance P.Ltd., 5 ITR 441 (Mum)(Trib.)

    • Excl. of speculation loss for deciding applicability

      • Paramount Info. Systems P.Ltd., 42-A BCAJ 169(Mum),

    • Set-off of Expl. loss and amendment of 2006

      • Virendrakumar Jain, 42-A BCAJ 169(Mum.)

      • Expl. to s.73 inapplicable to profit

      • AppolloVikas Steels (P.) Ltd., 214 Taxmann 642 (Guj.)

      • Order of set off against current years spec. profit

      • Ashok Mittal, 213 Taxmann 197 (Delhi)

    Pradip N. Kapasi Chartered Accountant


    Deemed speculation 2

    Deemed Speculation 2

    • F& O Losses not covered by Expl. to s.73

      • Madanlal Ltd, 51 SOT 188 (Kol.)

      • Exception to apply after set off within the business head

      • Darshan Securities Ltd., 341 ITR 556 (Bom.)

    Pradip N. Kapasi Chartered Accountant


    Esop doa

    ESOP & DOA

    • Admissibility as business expenditure

      • S.S.I. Industries , 85 TTJ 1049 (Chennai)

      • Ranbaxy Laboratories Ltd, 124 TTJ 771 (Del.)

      • PVP Ventures Ltd, 211 Taxman 554 (Mad.)

    • Date of offer or grant or allotment

      • Dr. Dhurjati Gupta, 127 TTJ 356 (Hyd.)

      • Pramod H. Lele, 143 TTJ 721 (Mum.)

      • Amrish Kumar Jhamb, 32 taxmann.com 210 (Del.)

    Pradip N. Kapasi Chartered Accountant


    Method of accounting as company

    Method of Accounting, AS & Company

    • S.209 of Companies Act

    • Cash system of accounting

      • Stup Consultants Pvt. Ltd., 13 ITR (Trib) 468 (Mum.)

    Pradip N. Kapasi Chartered Accountant


    Income during construction period

    Income during Construction Period

    • Tuticorin Alkali, 227 ITR 172 (SC)-Interest

    • Bokaro Steel, 236 ITR 315 (SC)-Rent

    • Neha Proteins Ltd, 306 ITR 102 (Raj.)- Set-off

    • Winsome Dyeing, 10 DTR 207 (HP) -Taxable

    • L.G. Electronics, 309 ITR 265 (Del.)-Set-off

    Pradip N. Kapasi Chartered Accountant


    Corporate expenses i

    Corporate expenses -I

    • S.35 (2AB)(1), SRE – outsourced

      • Cadila Healthcare Ltd., 31 taxmann.com 300 (Guj)

    • Fereebies by Pharmaceutical companies

      • Circular 5 of 2012

    • S. 35DDA - VRS Scheme in accordance with R. 2BA

      • Implication of non-compliance

        • Warner Lambert, 143 TTJ 571 (Mum.)

        • Sony India Ltd., 141 TTJ 432 (Del.)

    Pradip N. Kapasi Chartered Accountant


    Corporate expenses ii

    Corporate expenses -II

    • Brand Building expenes

      • Fine Jewellery , 56 SOT 226(Mum.)

    • Non-compete fees

      • Payer’s perspective

        • Revenue or capital

        • Depreciation- tangible or intangible

      • Payee’s perspective

        • Capital receipts- capital gains, s. 55(2)

        • Business income s.28(va)

    Pradip N. Kapasi Chartered Accountant


    Loan to subsidiary s 36 1 iii

    Loan to Subsidiary- s.36(1)(iii)

    • Interest free and investment in shares

      • commercial expediency

        • S.A. Builders, 288 ITR 1 (SC)

        • Tulip star Hotels Ltd. (SC)

    • Effect of s.14A on investment in shares

    Pradip N. Kapasi Chartered Accountant


    Fluctuation in rate of exchange

    Fluctuation in Rate of Exchange

    • Currency translations – year end

      • MarutiUdyog Ltd., 320 ITR 729 (SC)

      • Woodward Governor , 312 ITR 254 (SC)

    • Forex forward contracts

      • Open ended

      • Nature of loss

      • Accounting

      • Taxation

        • Panchmahal Steel Ltd., 33 taxmann 10 (Guj)

        • S.Vinodkumar Diamonds Pvt.Ltd. ,ITA No. 506/M/2013(Mum.)

        • Circular No.3 of 2010 dt. 23.03.2010

    Pradip N. Kapasi Chartered Accountant


    Disallowance u s 40 a ia tds 1

    Disallowance u/s 40(a)(ia) & TDS-1

    • ‘Paid’ and ‘Payment’

      • Sikander N. Tumken --- taxmann.com --- (Guj)

      • Crescent Exports (Cal), 33 taxmann.com 250 (Kol)

      • Md. JakirHossainMondal 33 taxmann.com 123 (Cal)

      • Merilyn Shipping,146 TTJ 1 (Vizag) (SB)

      • S. 40 (a)(ia), tax not deducted but paid

        • Rana Builders, 31 taxmann.com, 372(Rajkot)

    • Short withholding, rate or section

      • Chandabhoy & Jassobhoy, 49 SOT 448 (Mum.)

      • Beekaylon Synthetics, 6506/M/2008 (Mum.)

    • Not credited, not paid,

      • Pranik Shipping & Services Ltd. 135 ITD 233 (Mum.)

    Pradip N. Kapasi Chartered Accountant


    Disallowance u s 40 a ia tds 2

    Disallowance u/s 40(a)(ia) & TDS-2

    • Second proviso and retrospectivity

      • Bharati Shipyard, 132 ITD 53 (Mum.) (SB)

      • Virgin Creations, ITA No. 302 of 2011 (Cal.)

      • Rajamahendi Shipping, 51 SOT 242 (Vizag)

    • Marginal relief for initial assessment years

      • Kotak Securities Ltd., 340 ITR333 (Bom.)

      • DICGC Ltd., 14 ITR (Trib) 194 (Mum.)

      • Dynamic Vertical Software, 332 ITR 222 (Del.)

      • FA, 2012 Amendment

      • Relief & Retrospectivity

    Pradip N. Kapasi Chartered Accountant


    Critical issues in corporate taxation

    THANK YOU

    Pradip Kapasi & Co.


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