Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
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Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
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The notification is issued u/s 20(3) of the Competition Act, 2002 relating to Inquiry into combination by Commission. It aims to adjust the thresholds for assets and turnover for the purposes of Section 5 of the Act. - The Central Government, in consultation with the Competition Commission of India, has decided to enhance the thresholds by 150%. This means that the value of assets and turnover used to determine the applicability of Section 5 of the Act will be increased by 150%.
The notification is issued u/s 20(3) of the Competition Act, 2002 relating to Inquiry into combination by Commission. It aims to adjust the thresholds for assets and turnover for the purposes of Section 5 of the Act. - The Central Government, in consultation with the Competition Commission of India, has decided to enhance the thresholds by 150%. This means that the value of assets and turnover used to determine the applicability of Section 5 of the Act will be increased by 150%.
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