Foundational assessment satisfaction is essential before initiating penalty for cash receipt of immovable-property sale consideration under section 27...
Tax collection at source on purchases removes duplicate withholding obligation, while trade-creditor evidence requires verification before unexplained...
Transfer-pricing comparability requires material turnover effects; adjustments must cover only associated-enterprise transactions and exclude abnormal...
Section 167B's maximum marginal rate is inapplicable to income of a public charitable association assessed as an Association of Persons. Income from charitable activity for the public at large is to be computed at the normal tax rate applicable to an Association of Persons, rather than at the maximum marginal rate. Comparable treatment applies to registered trusts undertaking public charitable activity.
Section 167B's maximum marginal rate is inapplicable to income of a public charitable association assessed as an Association of Persons. Income from charitable activity for the public at large is to be computed at the normal tax rate applicable to an Association of Persons, rather than at the maximum marginal rate. Comparable treatment applies to registered trusts undertaking public charitable activity.
Note: It is a system-generated summary and is for quick reference only.
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