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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
The Central Government has notified that the provisions of Chapter XVII of the Income-tax Act, 1961, relating to tax deduction at source (TDS), shall not apply to payments received by an international agricultural research institute focused on semi-arid tropics. This exemption is subject to conditions outlined in the United Nations (Privileges and Immunities) Act, 1947, and a prior government notification from 1972. The notification is effective from its publication date in the Official Gazette.
The Central Government has notified that the provisions of Chapter XVII of the Income-tax Act, 1961, relating to tax deduction at source (TDS), shall not apply to payments received by an international agricultural research institute focused on semi-arid tropics. This exemption is subject to conditions outlined in the United Nations (Privileges and Immunities) Act, 1947, and a prior government notification from 1972. The notification is effective from its publication date in the Official Gazette.
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