https://www.taxtmi.com/acts?id=49218 Where a foreign company is said to be a resident in India and not previously resident, the Act's domestic tax provisions shall apply for such tax years subject to Central Government notification specifying exceptions, modifications and adaptations. The notification governs application to computation of total income, unabsorbed depreciation, set off and carry forward of losses, collection and recovery, and anti avoidance measures; failure to comply with notification conditions will render benefits wrongly allowed and permit recomputation of income as if the exceptions did not apply. en-us Fri, 14 Feb 2025 17:46:55 +0530 Fri, 14 Feb 2025 17:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49218 Where a foreign company is said to be a resident in India and not previously resident, the Act's domestic tax provisions shall apply for such tax years subject to Central Government notification specifying exceptions, modifications and adaptations. The notification governs application to computation of total income, unabsorbed depreciation, set off and carry forward of losses, collection and recovery, and anti avoidance measures; failure to comply with notification conditions will render benefits wrongly allowed and permit recomputation of income as if the exceptions did not apply. Act-Rules Bills Fri, 14 Feb 2025 17:46:55 +0530 https://www.taxtmi.com/acts?id=49218