Finance Company definition under Income Tax aligns with IFSC regulations, requiring prescribed conditions and activities. Finance Company for the purposes of section 94B(5)(iv) of the Income-tax Act is defined by reference to the regulatory definition applicable to finance ... Summary
Finance Company definition under Income Tax aligns with IFSC regulations, requiring prescribed conditions and activities.
Finance Company for the purposes of section 94B(5)(iv) of the Income-tax Act is defined by reference to the regulatory definition applicable to finance companies operating within the International Financial Services Centre framework and is contingent on satisfying prescribed conditions and carrying on prescribed activities.
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