Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Service Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Taxable Service or not - payment of remuneration in the nature ...

Service Tax

November 21, 2020

Taxable Service or not - payment of remuneration in the nature and form of commission based on percentage of profit to whole time directors - reverse charge mechanism (RCM) - when the very provisions of the Companies Act make whole-time director (as also in capacity of key managerial personnel) responsible for any default/offences, it leads to the conclusion that those directors are employees of the assessee company. - AT

View Source

 


 

You may also like:

  1. Provision for remuneration of whole time directors – Enhanced directors remuneration – claim of assessee was allowable - AT

  2. Remuneration to partners – Interest income though taxable under the head income from other sources, to be included in book profit for computation of remuneration…Tri.

  3. Remuneration to partners – Interest income though taxable under income from other sources, to be included in book profit for computation of remuneration..AT

  4. No approval of CG will be required by the listed companies not having profits / inadequate profits for payment of remunerations, subject to conditions

  5. Nature of amount received as compensation towards rent out property - Mense profit - Mense profit is not revenue receipt but capital in nature - not taxable - AT

  6. Disallowing excess directors remuneration - sum paid towards directors remuneration and that is to the extent of 80% of the net profit - the AO has not carried out any...

  7. Nature of receipt - the compensation received by the assessee is for sterilization of the profit making apparatus of the assessee company - receipt is capital in nature...

  8. Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits - Section 197 of the Companies Act, 2013 - Amendments...

  9. Classification of services - import - Place of supply - job of organizing the event - To be classified as event management service - Not taxable since whole service has...

  10. TDS u/s 194J - non deduction of TDS from payments made to Guest faculties - the remuneration paid to Guest Faculty is drawn from contingency/wages head in the light of...

 

Quick Updates:Latest Updates