payments made towards TDS on account of
retainership fees paid to rate difference
M/s. Makani creative Pvt. (194J (-) 194C) at
Ltd. wrongly made ... hands of the assessee company
on the said count.
(D). TDS on retainership fees paid to M/s. Makani Creative Pvt. Ltd :
That the assessee
ILLEGAL AND CONSEQUENTLY DIRECT THE
2
RESPONDENT TO PAY THE PETITIONER THE
RETAINERSHIP AMOUNT AS FIXED BY GOVERNMENT TO
HIM AS SPECIAL ... period was extended from time to time and
ultimately on 17.02.2009. Retainership amount for the
period upto 27.01.2010 having not been paid, after
submitting
period of one year. He, however, submits that no retainership, as
stipulated in the aforesaid Govt. Order, was released in favour of the petitioner ... made a representation to the Director, Industries,
Jammu for release of his retainership in terms of Govt. Order dated 08.10.2015
but till date the respondents
ground that since the assessee had been deriving match fee and retainerships
from various cricket bodies, they did not involve any business or professional
activity ... consideration. He was deriving income from BCCI Match
fee, IPL Match Fee, Retainership Fee. etc. there income was generated
from playing of cricket not from
vide order dated LD(A)97/10
dated 25.11.1997 on a monthly retainership of Rs.1500/-. Consequently,
vide Govt. Order ... dated 17.09.2003 the monthly
retainership has been enhanced from Rs. 1500/- to Rs. 3000/- and
payment of counsel fee @ Rs. 2000/- per case with miscellaneous
that of
master and servant between the assessee and the doctors
on retainership basis. It is also seen from these
agreements that the doctors ... with the
assessee without permission of the assessee, while the
doctors on retainership basis are only debarred from not
getting in similar or any capacity
Income Tax Act 1961 amounting to Rs.600000/-
paid as retainership fees treating the same as direct expenses in relation to earning
of exempt income ... paid to one Mr. Bangur as retainership fee for rendering advisory services for
investments should be disallowed as expenses incurred in earning exempt income
which found paid to Mr.M.Bangur as retainership fee
for rendering advisory services on investments totaling to an amount ... being paid to Mrs.
M.Bangur as retainership fees for rendering advisory services on investment
in addition to 1% of dividend income. The specific contention
actuarial
valuation, to the Counsel of Rs. 7875/- for retainership fee in legal
matter, to Itec Solutions - Rs. 1,35,000/- for consultancy charges ... connectivity, to Ravi Parkash Jerath - Rs. 47.250/- for income tax
consultancy and retainership, to Sushil Jeetpuria & Co.- Rs. 92,178/-
towards consultancy for maintenance
persons and the compensation paid to these
persons was termed as 'retainership fee' and assessee deducted tax u/s 194J
on these payments ... persons and fees were paid to them as per the
understanding of retainership.
Name of the Gross fees Services rendered
professional
Sanjeev Chowla
