Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Recognised association notification governs tax treatment for derivatives trading, with application, documentation, and time-bound government decision-making. Application may be made for notification of a recognised association for the purposes of clause (e) of the proviso to section 43(5), supported by approval for trading in derivatives, current rules, bye-laws and trading regulations, confirmation of compliance with the specified conditions, and any other material the association wishes to submit. The Central Government may seek further information and must then notify the association or reject the application within four months from the end of the month of receipt. The notification continues until the relevant approval is withdrawn or expires, or the notification is rescinded.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recognised association notification governs tax treatment for derivatives trading, with application, documentation, and time-bound government decision-making.
Application may be made for notification of a recognised association for the purposes of clause (e) of the proviso to section 43(5), supported by approval for trading in derivatives, current rules, bye-laws and trading regulations, confirmation of compliance with the specified conditions, and any other material the association wishes to submit. The Central Government may seek further information and must then notify the association or reject the application within four months from the end of the month of receipt. The notification continues until the relevant approval is withdrawn or expires, or the notification is rescinded.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
