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 109 redefine 'investment company' and adjust tax rates for Indian companies based on business activity classification.</h1> Section 109 of the Income-tax Act is amended to include new sub-clauses regarding business expenditures. These include bonuses, legal charges, and certain revenue expenditures not resulting in asset creation. The definition of 'investment company' is revised to focus on income that would be considered unearned if received by an individual. The amendment also modifies the treatment of Indian companies with income from specific business activities, setting different tax rates based on their classification as investment companies or otherwise. The provisions clarify the application of these rules to the company's total income and dividend distribution.
TaxTMI 
TaxTMI 
