Cost-to-cost reimbursement of seconded employees is not service consideration; transfer-pricing markup was deleted and amalgamation amortisation allow...
Crystallisation of liability supports prior-period expense deduction, while functionally distinct divisions require separate transfer-pricing benchmar...
Functional comparability under TNMM requires transaction-specific FAR analysis before benchmarking business-support services provided to associated en...
Advance pricing agreement methodology can guide benchmarking for non-covered years when functions, assets, risks and activities remain materially unch...
Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Institute for Financial Management and Research is approved as an institution for social science or statistical research under the university, college or other institution category for the specified Income-tax Act purposes. The approval applies for tax years 2026-2027 through 2030-2031, subject to continued Scientific and Industrial Research Organisation approval in every relevant tax year. The institution must comply with prescribed conditions, submit an annual donation statement in Form No. 15 by 31 May following the tax year of receipt, and issue donors a Form No. 16 certificate stating the donation amount.
Institute for Financial Management and Research is approved as an institution for social science or statistical research under the university, college or other institution category for the specified Income-tax Act purposes. The approval applies for tax years 2026-2027 through 2030-2031, subject to continued Scientific and Industrial Research Organisation approval in every relevant tax year. The institution must comply with prescribed conditions, submit an annual donation statement in Form No. 15 by 31 May following the tax year of receipt, and issue donors a Form No. 16 certificate stating the donation amount.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
