• SENSEX
    NIFTY 50
Unwind

Book excerpts: Loophole Games: There are a myriad ways to trick the taxman

Updated : May 31, 2019 04:55 PM IST

In 2014, the Supreme Court held that the termination amount under a work referral agreement with Deloitte Haskins & Sells is a capital receipt and hence not taxable.
The principle that all capital receipts are exempt except otherwise stated is prone to misuse; it is easy to pass off one-time remuneration as capital receipt.
Book excerpts: Loophole Games: There are a myriad ways to trick the taxman
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV