Wednesday, July 10, 2013

Correction in OLTAS / Income Tax / TDS / Direct Tax Challan, Type of Correction and Period for correction

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Share sale by Passive Shareholder taxable as Long-Term Capital Gains and not Business Income irrespective of non-compete clause in the SPA

  As per Income Tax Laws, any sum received or receivable in cash or kind under an agreement for not carrying business or profession is treat...