SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Section 43CA permits agreement-date stamp duty valuation for computing business profits on transfer of land or building held as stock-in-trade where the agreement fixing consideration precedes registration and part consideration is received otherwise than in cash on or before the agreement date. Receipt through RTGS satisfies the non-cash condition. Where the agreed consideration and sale terms remain unchanged until registration, profits from the sale are computed using the stamp duty value prevailing on the agreement date rather than the registration date.
Section 43CA permits agreement-date stamp duty valuation for computing business profits on transfer of land or building held as stock-in-trade where the agreement fixing consideration precedes registration and part consideration is received otherwise than in cash on or before the agreement date. Receipt through RTGS satisfies the non-cash condition. Where the agreed consideration and sale terms remain unchanged until registration, profits from the sale are computed using the stamp duty value prevailing on the agreement date rather than the registration date.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
