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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

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