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)
Exempt income computation under section 10(23FE) is determined through prescribed investment formulas and Form 10BBD reporting. Computation of minimum investment and exempt income under clause (23FE) of section 10 is prescribed for Alternative Investment Funds, domestic companies and non-banking financial companies. The rule sets formula-based methods for determining the relevant investment percentages in eligible entities and the exempt income attributable to specified persons, using aggregate eligible investments or eligible lending reflected in balance sheets over the prescribed financial years. It also requires every covered entity that has received funds from a specified person to furnish Form 10BBD electronically within the prescribed time, with defined filing, verification and system requirements.
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.
Exempt income computation under section 10(23FE) is determined through prescribed investment formulas and Form 10BBD reporting.
Computation of minimum investment and exempt income under clause (23FE) of section 10 is prescribed for Alternative Investment Funds, domestic companies and non-banking financial companies. The rule sets formula-based methods for determining the relevant investment percentages in eligible entities and the exempt income attributable to specified persons, using aggregate eligible investments or eligible lending reflected in balance sheets over the prescribed financial years. It also requires every covered entity that has received funds from a specified person to furnish Form 10BBD electronically within the prescribed time, with defined filing, verification and system requirements.
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