https://www.taxtmi.com/acts?id=46800 Amendment revises definitional provisions by deleting a restriction excluding entities "not involving the carrying on of any activity for profit," and substitutes a provision treating shares carrying a controlling proportion of voting power as allotted to or beneficially held by the Government, statutory corporations, or specified related companies and qualifying subsidiaries; an explanation provides a reduced voting-power threshold for Indian companies principally engaged in ship construction, manufacturing or processing of goods, mining, or power generation and distribution. en-us Tue, 31 Dec 2024 17:01:02 +0530 Tue, 31 Dec 2024 17:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46800 Amendment revises definitional provisions by deleting a restriction excluding entities "not involving the carrying on of any activity for profit," and substitutes a provision treating shares carrying a controlling proportion of voting power as allotted to or beneficially held by the Government, statutory corporations, or specified related companies and qualifying subsidiaries; an explanation provides a reduced voting-power threshold for Indian companies principally engaged in ship construction, manufacturing or processing of goods, mining, or power generation and distribution. Act-Rules F. Acts / Amendment Acts Tue, 31 Dec 2024 17:01:02 +0530 https://www.taxtmi.com/acts?id=46800