Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The Central Government has amended the Foreign Contribution (Regulation) Rules, 2011 to allow associations to carry forward unspent allowable administrative expenses to the succeeding financial year with reasons mentioned in Form FC-4. Form FC-4 has been amended to include details for carrying forward unspent administrative expenses and certificate from Chartered Accountant regarding violations of FCRA, 2010. The amendments aim to provide flexibility in utilization of administrative expenses by associations and enhance compliance monitoring.
The Central Government has amended the Foreign Contribution (Regulation) Rules, 2011 to allow associations to carry forward unspent allowable administrative expenses to the succeeding financial year with reasons mentioned in Form FC-4. Form FC-4 has been amended to include details for carrying forward unspent administrative expenses and certificate from Chartered Accountant regarding violations of FCRA, 2010. The amendments aim to provide flexibility in utilization of administrative expenses by associations and enhance compliance monitoring.
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