Substantial interest defined by shareholding or profit entitlement, determining tax attribution in trust contexts. A person is deemed to have a substantial interest in a concern if he, alone or with interested persons, at any time during the previous year holds at ... Summary
Substantial interest defined by shareholding or profit entitlement, determining tax attribution in trust contexts.
A person is deemed to have a substantial interest in a concern if he, alone or with interested persons, at any time during the previous year holds at least 20% of equity share capital in a company or is entitled to at least 20% of profits in any other concern.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
