Contents Volume 32 - Taxmann

SRK: King of Box Office and Tax Office too - Loan to wife couldn't be deemed as transfer of asset under Wealth-tax: ... Amazon - A marketplace or a seller? -.
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Volume 32 Issue 1 January 1-15, 2015


NAVEEN WADHWA Corporate Professionals Today comes in three Volumes, Annual subscription from January - December 2015 is ` 2975. Single copy ` 200 only. Corporate Professionals Today is published on every 10th & 25th of the month. Non-receipt of part must be notified within 60 days of the due date. Address your editorial and subscription correspondence to : TAXMANN ALLIED SERVICES (P.) LTD., 59/32, New Rohtak Road, New Delhi-110 005. Phones : +91-11-45562222 Fax : +91-11-45577111 PRINTED AND PUBLISHED BY : AMIT BHARGAVA on behalf of Taxmann Allied Services (P.) Ltd. and Printed at Tan Prints (India) Pvt. Ltd., 44 Km. Mile Stone, National Highway, Rohtak Road, Village Rohad, Distt. Jhajjar, Haryana (India) and Published at 59/32, New Rohtak Road, New Delhi-110 005 (India). EDITOR : RAKESH BHARGAVA Material published in this part is the exclusive copyrighted property of Taxmann Allied Services (P.) Ltd. and cannot be reproduced or copied in any form or by any means without written permission of the Publisher.

Direct Tax Laws l‹SRK:

King of Box Office and Tax Office too - Loan to wife couldn’t be deemed as transfer of asset under Wealth-tax: ITAT - MEENAKSHI SUBRAMANIAM 1 l‹Premium

paid for business investment isn’t a capital loss - Premium paid on purchase of securities ‘Held to Maturity’ is to be amortized - VINAY VIRENDRA KAWDIA 7

Editors do not necessarily agree with the views expressed by authors of articles/features. Views so expressed are the personal views of author(s). This publication is sold with the understanding that authors/editors and publishers are not responsible for the result of any action taken on the basis of this work nor for any error or omission to any person, whether a purchaser of this publication or not. All disputes are subject to jurisdiction of the Delhi High Court. Email : [email protected] Website : http// MODE OF CITATION : [2015] 32 CPT. . . TOTAL PAGES 100


Racing: Jockey rides over TDS hurdle - “Stake money” paid to horse owners won’t attract TDS under section 194B - Ms. NEHA PATHAKJI 12


TP Regulations welcome foreign comparables - NILESH PATEL 19


with a hole - Makes hole in Revenue’s pocket - Section 80-IB relief allowed for duplex units having ‘hole’ for common staircase - An analysis of Poddar & Ashish Developers v. ITO [2014] 51 505 (Mumbai-Trib.) D.C. AGRAWAL 27


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Corporate Laws l‹Companies

(Amendment) Bill, 2014 Watering down barriers for ease of doing business - DR. T. P. GHOSH 43 l‹BIFR

is sole authority to decide on sickness of a company: SC - DR. RAJEEV BABEL 52


allows single registration with multiple depositories RUSHAB S. DHANDOKIA 57


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Service Tax l‹Amazon

- A marketplace or a seller? Authorities question Amazon’s business model denying payment of VAT PR.RAAMAANATHAN 72


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Accounts & Audit l‹Your

Queries on Accounts and Audit - VINAYAK PAI V 89