Taxability of leave and license receipts under income tax act and whether gst would be applicable

942 views
User Avatar

self employed
28 Points Posted on 18 March 2019

DEAR SIR/MADAM

I WOULD LIKE TO KNOW WHETHER LEAVE AND LICENSE RECEIPTS FROM LEAVE AND LICENSE AGREEMENT ARE TAXABLE IN THE HANDS OF LICENSOR? IF YES UNDER WHICH HEAD AND WHICH SECTION WILL BE CHARGING SECTION?

ALSO PLEASE LET ME KNOW WHETHER THE SAME RECEIPTS ARE SUBJECT TO GST AND WHAT IS THE CEILING FOR EXEMPTION

THANK YOU

KAUSHIK

0 Reply Share Follow
On 18 March 2019 at 19:19 Report
Replies (1)
User Avatar

SEO Sai Gr. Hosp.
212572 Points Posted on 18 March 2019
WHETHER LEAVE AND LICENSE RECEIPTS FROM LEAVE AND LICENSE AGREEMENT ARE TAXABLE IN THE HANDS OF LICENSOR?
YES.
 
IF YES UNDER WHICH HEAD AND WHICH SECTION WILL BE CHARGING SECTION?
Either IFHP or PGBP depending upon license agreement.
 
ALSO PLEASE LET ME KNOW WHETHER THE SAME RECEIPTS ARE SUBJECT TO GST
Yes
 
AND WHAT IS THE CEILING FOR EXEMPTION
As general, aggregate of 20/10 lakhs...
 
1 Reply
On 18 March 2019 at 19:51

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Discrepancy in Auto populated figures in GSTR1 of
  2. What should I do after receiving a GST Show Cause
  3. Discuss and Download CA Inter Question Paper Septe
  4. Hi experts needed some help
  5. Gift of Immovable Property u/s 92 of Income Tax Ac
  6. NSE BSE Pre-open session changes from 7 September
  7. Financial statements for non corporate entities
  8. Hi experts need some help
  9. Is SAP FICO a good career option for finance and a
  10. Direct Cost booking

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details