[aaykarbhavan] Sums paid for managing routine affairs of new branch attracts sec. 194J TDS as they were professional services

Sums paid for managing routine affairs of new branch attracts sec. 194J TDS as they were professional services

November 20, 2014[2014] 50 taxmann.com 92 (Mumbai - Trib.)/[2013] 28 ITR(T) 64 (Mumbai - Trib.)

IT : Manage day-to-day affairs of new branch of assessee-company would be professional or managerial in nature, and payment made for same would be allowable expenditure subject to compliance of section 194J

IT : Where fresh demand was raised in view of order giving effect to Commissioner (Appeals)'s order, interest under section 220(2) would be levied not from date of original demand notice but from date of fresh notice

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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