https://www.taxtmi.com/article/detailed?id=7269 The Bill deems prescribed fair market value as the full value of consideration for transfers of unquoted shares when actual consideration is lower; limits deductibility of related party interest by reference to a proportion of EBITDA and treats certain guaranteed or matched third party debt as related; imposes TDS obligations on rent by certain resident individuals/HUFs and on specified agreement payments; requires PAN for collectees with higher collection rates for non furnishing; prescribes a fee for belated returns; allows withholding of refunds under scrutiny; restricts large cash receipts by specified means of payment with a penalty equal to the amount received; and penalises professionals for incorrect reports or certificates. en-us Thu, 09 Feb 2017 08:20:07 +0530 Thu, 09 Feb 2017 08:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7269 The Bill deems prescribed fair market value as the full value of consideration for transfers of unquoted shares when actual consideration is lower; limits deductibility of related party interest by reference to a proportion of EBITDA and treats certain guaranteed or matched third party debt as related; imposes TDS obligations on rent by certain resident individuals/HUFs and on specified agreement payments; requires PAN for collectees with higher collection rates for non furnishing; prescribes a fee for belated returns; allows withholding of refunds under scrutiny; restricts large cash receipts by specified means of payment with a penalty equal to the amount received; and penalises professionals for incorrect reports or certificates. Articles Budget - Tax Proposals Thu, 09 Feb 2017 08:20:07 +0530 https://www.taxtmi.com/article/detailed?id=7269