https://www.taxtmi.com/acts?id=45687 The amendment brings qualifying hotels within section 15C, prescribing that a hotel must start functioning after the commencement date, not be formed by splitting or reconstruction of existing business assets, be owned and operated by a company registered in the taxable territories with the required paid up capital, occupy company owned premises, meet prescribed room and amenity standards, and obtain Central Government approval; the section's cross references are extended to include hotels, dividend exemption computation is to follow rules of the Central Board of Revenue, and the provision applies for the assessment year after commencement and the four succeeding assessments. en-us Thu, 28 Nov 2024 16:04:05 +0530 Thu, 28 Nov 2024 16:04:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45687 The amendment brings qualifying hotels within section 15C, prescribing that a hotel must start functioning after the commencement date, not be formed by splitting or reconstruction of existing business assets, be owned and operated by a company registered in the taxable territories with the required paid up capital, occupy company owned premises, meet prescribed room and amenity standards, and obtain Central Government approval; the section's cross references are extended to include hotels, dividend exemption computation is to follow rules of the Central Board of Revenue, and the provision applies for the assessment year after commencement and the four succeeding assessments. Act-Rules F. Acts / Amendment Acts Thu, 28 Nov 2024 16:04:05 +0530 https://www.taxtmi.com/acts?id=45687