Treatment of unregistered firms as registered for income tax expanded to include firms assessed under clause (b) of section 183. The amendment substitutes wording so that references to a "registered firm" and to a firm "treated as registered" are replaced by language expressly ... Summary
Treatment of unregistered firms as registered for income tax expanded to include firms assessed under clause (b) of section 183.
The amendment substitutes wording so that references to a "registered firm" and to a firm "treated as registered" are replaced by language expressly covering an "unregistered firm assessed as a registered firm under clause (b) of section 183", thereby aligning the provision's terminology with assessment characterisation for firms.
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