Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The Central Government has specified the Ten Year Zero Coupon Bond of Power Finance Corporation Ltd. as a zero coupon bond under section 2(48) of the Income-tax Act, 1961. The bond has a lifespan of ten years and one month, with issuance scheduled on or before March 31, 2027. Each bond will be redeemed at Rs. 100,000 with a discount of Rs. 49,546. The total issue comprises ten lakh bonds. This notification was issued pursuant to the powers conferred by clause (48) of section 2 of the Income-tax Act, read with relevant provisions of the Income-tax Rules, 1962.
The Central Government has specified the Ten Year Zero Coupon Bond of Power Finance Corporation Ltd. as a zero coupon bond under section 2(48) of the Income-tax Act, 1961. The bond has a lifespan of ten years and one month, with issuance scheduled on or before March 31, 2027. Each bond will be redeemed at Rs. 100,000 with a discount of Rs. 49,546. The total issue comprises ten lakh bonds. This notification was issued pursuant to the powers conferred by clause (48) of section 2 of the Income-tax Act, read with relevant provisions of the Income-tax Rules, 1962.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
