https://www.taxtmi.com/acts?id=47040 Amendments to section 2 revise definitions and scope: advances or loans to beneficial owners holding not less than ten percent voting power and to concerns where a shareholder has substantial interest are captured; "concern" and substantial interest (twenty percent income entitlement) are defined; employee contributions to provident and welfare funds are excluded from assessee receipts; definitions of long-term and short-term capital assets/gains and of public sector company are inserted; share holding period threshold is reduced; and "transfer" is expanded to include part performance and transactions enabling enjoyment of immovable property. en-us Tue, 07 Jan 2025 11:56:44 +0530 Tue, 07 Jan 2025 11:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47040 Amendments to section 2 revise definitions and scope: advances or loans to beneficial owners holding not less than ten percent voting power and to concerns where a shareholder has substantial interest are captured; "concern" and substantial interest (twenty percent income entitlement) are defined; employee contributions to provident and welfare funds are excluded from assessee receipts; definitions of long-term and short-term capital assets/gains and of public sector company are inserted; share holding period threshold is reduced; and "transfer" is expanded to include part performance and transactions enabling enjoyment of immovable property. Act-Rules F. Acts / Amendment Acts Tue, 07 Jan 2025 11:56:44 +0530 https://www.taxtmi.com/acts?id=47040