https://www.taxtmi.com/acts?id=41639 Amendments introduce value based thresholds: a transaction qualifies as a combination if the value of any acquisition, merger, amalgamation or control transfer exceeds the prescribed threshold and the target has substantial business operations in India; prescribed low asset or turnover values in India provide an exclusion. Definitions clarify control, group, auditor certified turnover, inclusive value of transaction, and book value based value of assets, with rules for partial business acquisitions to determine applicable assets, turnover or transaction value. en-us Thu, 20 Apr 2023 11:22:35 +0530 Tue, 10 Sep 2024 11:02:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41639 Amendments introduce value based thresholds: a transaction qualifies as a combination if the value of any acquisition, merger, amalgamation or control transfer exceeds the prescribed threshold and the target has substantial business operations in India; prescribed low asset or turnover values in India provide an exclusion. Definitions clarify control, group, auditor certified turnover, inclusive value of transaction, and book value based value of assets, with rules for partial business acquisitions to determine applicable assets, turnover or transaction value. Act-Rules F. Acts / Amendment Acts Thu, 20 Apr 2023 11:22:35 +0530 https://www.taxtmi.com/acts?id=41639