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)
Discounted value of consideration under immovable property purchase rules uses a fixed annual interest rate. The rule prescribes the rate of interest for determining the discounted value of consideration under section 269UA in proceedings relating to the purchase of immovable properties under Chapter XXC. The specified rate is eight per cent per annum for computation under the relevant sub-clauses of clause (b) of section 269UA.
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Provisions expressly mentioned in the judgment/order text.
Discounted value of consideration under immovable property purchase rules uses a fixed annual interest rate.
The rule prescribes the rate of interest for determining the discounted value of consideration under section 269UA in proceedings relating to the purchase of immovable properties under Chapter XXC. The specified rate is eight per cent per annum for computation under the relevant sub-clauses of clause (b) of section 269UA.
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