Recognised association qualification tied to commodities transaction tax liability under Finance Act, clarifying chargeability requirement for asset classification. The statutory text substitutes the unqualified phrase "recognised association" in the proviso to clause (e) with "recognised association, which is ... Summary
Recognised association qualification tied to commodities transaction tax liability under Finance Act, clarifying chargeability requirement for asset classification.
The statutory text substitutes the unqualified phrase "recognised association" in the proviso to clause (e) with "recognised association, which is chargeable to commodities transaction tax under Chapter VII of the Finance Act, 2013", thereby limiting the recognised association designation to associations subject to the commodities transaction tax.
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