Eligible assessee status depends on residence, taxpayer category, transfer-pricing variations, exclusion conditions, and patentee status. Eligible assessee under section 58 covers resident individuals, Hindu undivided families, and firms other than limited liability partnerships. Eligibility ... Summary
Eligible assessee status depends on residence, taxpayer category, transfer-pricing variations, exclusion conditions, and patentee status.
Eligible assessee under section 58 covers resident individuals, Hindu undivided families, and firms other than limited liability partnerships. Eligibility further requires no Chapter VIII-C deduction, carrying on of a specified profession or agency business, or commission or brokerage income. Section 144C includes persons whose variation arises from a Transfer Pricing Officer's order, non-residents that are not companies, and foreign companies, subject to stated exclusions. Section 115BBF confines the term to resident patentees.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 1 
