https://www.taxtmi.com/circulars?id=52543 Notification as a notified jurisdictional area due to lack of effective information exchange causes transactions with persons in that area to be treated as between associated enterprises and as international transactions, invoking transfer-pricing regulations and documentation obligations. Deductions for payments to financial institutions are disallowed without an authorization permitting information access; other deductions require prescribed documentation. Receipts from such persons must be explained as to source and beneficial ownership or be deemed income, and payments to persons in the jurisdiction are subject to a statutory withholding tax. en-us Fri, 01 Nov 2013 00:00:00 +0530 Sat, 26 Apr 2025 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52543 Notification as a notified jurisdictional area due to lack of effective information exchange causes transactions with persons in that area to be treated as between associated enterprises and as international transactions, invoking transfer-pricing regulations and documentation obligations. Deductions for payments to financial institutions are disallowed without an authorization permitting information access; other deductions require prescribed documentation. Receipts from such persons must be explained as to source and beneficial ownership or be deemed income, and payments to persons in the jurisdiction are subject to a statutory withholding tax. Circulars Income Tax Fri, 01 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52543