https://www.taxtmi.com/news?id=19743 The Bill introduces a significant economic presence test for taxation of non-residents irrespective of contract location, residence, place of business or service rendering; prescribes fair market value as actual cost for specified capital assets used in business for depreciation; refines cost of acquisition and transitional valuation rules for long-term capital assets including listed and unlisted equity and units with reference to exchange prices, net asset value and the Cost Inflation Index; mandates valuation of securities by scheduled banks and public financial institutions according to income computation standards and RBI guidance; and protects Public Provident Fund credits from attachment under court orders. en-us Thu, 15 Mar 2018 13:06:50 +0530 Thu, 15 Mar 2018 13:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19743 The Bill introduces a significant economic presence test for taxation of non-residents irrespective of contract location, residence, place of business or service rendering; prescribes fair market value as actual cost for specified capital assets used in business for depreciation; refines cost of acquisition and transitional valuation rules for long-term capital assets including listed and unlisted equity and units with reference to exchange prices, net asset value and the Cost Inflation Index; mandates valuation of securities by scheduled banks and public financial institutions according to income computation standards and RBI guidance; and protects Public Provident Fund credits from attachment under court orders. News - Thu, 15 Mar 2018 13:06:50 +0530 https://www.taxtmi.com/news?id=19743