India: Nonrefundable advance maintenance fees taxable in year of receipt

Madras High Court decision 

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November 6, 2024

The Madras High Court held that nonrefundable maintenance fees collected by the taxpayer in advance are taxable in the year of receipt regardless of when the associated services are provided.

The case is: CIT v. Johnson Lifts Pvt Ltd

Read a November 2024 report prepared by the KPMG member firm in India 

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