TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendments to Section 115JB: Adjustments to Book Profits for Companies on Income Shares and FII Securities Transactions</h1> Clause 29 of the Finance Bill, 2015 proposes amendments to section 115JB of the Income-tax Act, effective from April 1, 2016. The amendments involve adjustments to book profits for companies, particularly concerning income shares from associations or bodies where no tax is payable under section 86, and income from securities transactions by Foreign Institutional Investors (FIIs). New clauses (fa), (fb), (iic), and (iid) are introduced to either increase or reduce book profits based on these income types. Definitions for 'Foreign Institutional Investor' and 'securities' are clarified in line with existing legislation. These changes apply from the assessment year 2016-2017 onward.
TaxTMI 
TaxTMI 
