https://www.taxtmi.com/acts?id=23511 The Bill conditions tax exemption under sections 11 and 12 on prescribed registration applications for trusts that change objects; treats fair market value, determined as prescribed, as full consideration for unquoted share transfers for capital gains; and creates a secondary-adjustment rule deeming unrepatriated excess funds with an associated enterprise to be an advance, with prescribed repatriation timings and computation. It also delegates rulemaking authority to prescribe charges, procedures and forms across customs, excise, settlement commission applications, passenger manifest/PNR requirements, and Board governance matters. en-us Wed, 01 Feb 2017 17:30:58 +0530 Wed, 01 Feb 2017 17:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23511 The Bill conditions tax exemption under sections 11 and 12 on prescribed registration applications for trusts that change objects; treats fair market value, determined as prescribed, as full consideration for unquoted share transfers for capital gains; and creates a secondary-adjustment rule deeming unrepatriated excess funds with an associated enterprise to be an advance, with prescribed repatriation timings and computation. It also delegates rulemaking authority to prescribe charges, procedures and forms across customs, excise, settlement commission applications, passenger manifest/PNR requirements, and Board governance matters. Act-Rules Bill Wed, 01 Feb 2017 17:30:58 +0530 https://www.taxtmi.com/acts?id=23511