Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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...
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Amendments to Rule 2DCA of the Income-tax Rules revise transitional year references used in computing minimum investment and exempt income under clause (23FE) of section 10 of the Income-tax Act, replacing 2024-25/2025-26 with 2030-31/2031-32 and substituting 2024 with 2030 in specified clauses and provisos; the changes take effect from their publication in the Official Gazette and alter multiple sub-rules and explanations that determine the temporal application of the exemption calculations.
Amendments to Rule 2DCA of the Income-tax Rules revise transitional year references used in computing minimum investment and exempt income under clause (23FE) of section 10 of the Income-tax Act, replacing 2024-25/2025-26 with 2030-31/2031-32 and substituting 2024 with 2030 in specified clauses and provisos; the changes take effect from their publication in the Official Gazette and alter multiple sub-rules and explanations that determine the temporal application of the exemption calculations.
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