Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The government has proposed to abolish the 6% Equalisation Levy on online advertisements through amendments to the Finance Bill 2025 introduced in the Lok Sabha. This move follows last year's removal of the 2% Equalisation Levy on e-commerce transactions. The decision appears strategically timed to demonstrate an accommodative stance toward the US, which had threatened reciprocal tariffs beginning April 2. The abolition aims to address international concerns about the unilateral nature of the levy while providing greater certainty to taxpayers. Additional amendments include modifications to offshore fund investment requirements and clarifications regarding tax assessments under search and seizure provisions, specifically introducing the term "Total Undisclosed Income" to better define the scope of such proceedings.
The government has proposed to abolish the 6% Equalisation Levy on online advertisements through amendments to the Finance Bill 2025 introduced in the Lok Sabha. This move follows last year's removal of the 2% Equalisation Levy on e-commerce transactions. The decision appears strategically timed to demonstrate an accommodative stance toward the US, which had threatened reciprocal tariffs beginning April 2. The abolition aims to address international concerns about the unilateral nature of the levy while providing greater certainty to taxpayers. Additional amendments include modifications to offshore fund investment requirements and clarifications regarding tax assessments under search and seizure provisions, specifically introducing the term "Total Undisclosed Income" to better define the scope of such proceedings.
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