TMI BlogSelling of space or time slots for advertisementsX X X X Extracts X X X X X X X X Extracts X X X X ..... advertisements broadcast by radio or television From 1.10.2014 Selling of space for advertisements in print media. Notes: for Amendment w.e.f. 1.10.2014 The scope of this entry underwent a drastic amendment made by Finance Act, 2014 . Before amendment, selling of space other than radio or television was covered under this entry, but after amendment only selling of space in print med ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale; Section 65B(33) - money means Indian legal tender, cheque, promissory note, bill of exchange, letter of credit, draft, pay order, traveller cheque, money order, postal or electronic remittance or any such similar instrument when used as consi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Board (Taxation Guide Guidance Note 4 Exemptions dated 20.06.2012) 4.7.2 Would services provided by advertisement agencies relating to preparation of advertisements be covered in the negative list entry relating to sale of space for advertisements? No. Services provided by advertisement agencies relating to making or preparation of advertisements would not be covere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r types of services. If such services are bundled in the ordinary course of business then the bundle of services will be treated as consisting entirely of such service which determines the dominant nature of such a bundle. If such services are not bundled in the ordinary course of business then the bundle of services will be treated as consisting entirely of such service which attr ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
