Application for opting for safe harbour for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head “Profits and gains of business or profession”

Application for opting for safe harbour for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head “Profits and gains of business or profession” https://www.taxtmi.com/forms?id=2285 Form 3CEFC permits an assessee to opt into the safe harbour regime for business profits under the transfer pricing rules by submitting identification, business description, assessment year and eligibility details. It requires disclosure of whether the assessee carries the eligible business of selling raw diamonds, gross receipts from that business, the specified percentage of those receipts used for the safe harbour computation, and details and profits of any other businesses; the application must be declared correct and verified by the authorised return verifier. en-us Mon, 02 Dec 2024 11:42:00 +0530 Mon, 02 Dec 2024 12:03:00 +0530 TaxTMI RSS Generator Application for opting for safe harbour for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head “Profits and gains of business or profession” https://www.taxtmi.com/forms?id=2285 Form 3CEFC permits an assessee to opt into the safe harbour regime for business profits under the transfer pricing rules by submitting identification, business description, assessment year and eligibility details. It requires disclosure of whether the assessee carries the eligible business of selling raw diamonds, gross receipts from that business, the specified percentage of those receipts used for the safe harbour computation, and details and profits of any other businesses; the application must be declared correct and verified by the authorised return verifier. Forms Income Tax Mon, 02 Dec 2024 11:42:00 +0530 https://www.taxtmi.com/forms?id=2285