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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Charges paid to Stock Exchange viz. VSAT charges, lease line ...


VSAT, lease line, and transaction charges to Stock Exchange are reimbursements, exempt from Income Tax Act Section 194J.

December 17, 2011

Case Laws     Income Tax     HC

Charges paid to Stock Exchange viz. VSAT charges, lease line charges, Transaction charges are in the nature of reimbursement of charges paid by the Members of Stock Exchange in lieu of infrastructure and trading facilities - Provisions of section 194J are not attracted. .... - HC

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