Special purpose vehicle definition requires an Indian company, business trust control, and prescribed registration-related shareholding or interest. Special purpose vehicle means an Indian company in which a business trust holds controlling interest and the specified shareholding or interest required ... Summary
Special purpose vehicle definition requires an Indian company, business trust control, and prescribed registration-related shareholding or interest.
Special purpose vehicle means an Indian company in which a business trust holds controlling interest and the specified shareholding or interest required for the trust's registration. Under the Income-tax Act, 2025, this definition applies for TDS/TCS purposes and refers to requirements prescribed by the governing law. The corresponding Income-tax Act, 1961 definition refers to requirements under applicable registration regulations.
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