Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Social Protection Fund is specified as an eligible pension fund for tax exemption on qualifying investments made in India from publication of the notification until 31 March 2030. Exemption requires timely income-tax returns with an accountant's compliance certificate, quarterly investment disclosures, and separate accounts for exempt investments. The fund must remain regulated under Omani law, use assets and earnings solely for statutory and defined-benefit obligations, avoid India-investment borrowings, and not participate in investees' day-to-day operations, subject to permitted investment-protection monitoring. Breach of any prescribed condition makes the fund ineligible for the exemption. The notification takes effect upon Gazette publication.
Social Protection Fund is specified as an eligible pension fund for tax exemption on qualifying investments made in India from publication of the notification until 31 March 2030. Exemption requires timely income-tax returns with an accountant's compliance certificate, quarterly investment disclosures, and separate accounts for exempt investments. The fund must remain regulated under Omani law, use assets and earnings solely for statutory and defined-benefit obligations, avoid India-investment borrowings, and not participate in investees' day-to-day operations, subject to permitted investment-protection monitoring. Breach of any prescribed condition makes the fund ineligible for the exemption. The notification takes effect upon Gazette publication.
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