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 Central Government amended Notification No. 44/2017 through Notification No. 70/2025 dated July 1, 2025, exercising powers under section 48 of the Income-tax Act, 1961. The amendment inserts a new entry in the Cost Inflation Index table, establishing the index value of 376 for Financial Year 2025-26. This notification becomes effective from April 1, 2026, and applies to Assessment Year 2026-27 and subsequent years. The Cost Inflation Index is utilized for computing long-term capital gains under the Income-tax Act, providing taxpayers with the prescribed indexation factor for adjusting acquisition costs of capital assets to account for inflation during the relevant assessment periods.
The Central Government amended Notification No. 44/2017 through Notification No. 70/2025 dated July 1, 2025, exercising powers under section 48 of the Income-tax Act, 1961. The amendment inserts a new entry in the Cost Inflation Index table, establishing the index value of 376 for Financial Year 2025-26. This notification becomes effective from April 1, 2026, and applies to Assessment Year 2026-27 and subsequent years. The Cost Inflation Index is utilized for computing long-term capital gains under the Income-tax Act, providing taxpayers with the prescribed indexation factor for adjusting acquisition costs of capital assets to account for inflation during the relevant assessment periods.
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