Budget: Exempt entities like non-profits face hurdles due to TCS on transactions. Govt can notify exemptions/lower TCS rates for them. Effective Oct '...
Budget: Amendments clarify penalties for inaccurate info/non-compliance with due diligence under AEoI. Rs. 50K fine for errors/failures. Defense allow...
Insertion of new section 286 - Furnishing of report in respect of international group - The proposed section provides for furnishing of a report in respect of an international group, if the parent entity of the group is resident in India.
Insertion of new section 286 - Furnishing of report in respect of international group - The proposed section provides for furnishing of a report in respect of an international group, if the parent entity of the group is resident in India.
Note: It is a system-generated summary and is for quick reference only.