TaxTMI 
TaxTMI 
TaxTMI 
Interpretation.
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....have the meaning assigned to it in section 402(7); (4) "commodities transaction tax" shall have the same meaning as assigned to it under Chapter VII of the Finance Act, 2013 (17 of 2013); (5) "fees for technical services" shall have the meaning assigned to it in section 9(7)(b); (6) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes; (7) "Indian Institute of Technology" shall have the same meaning as that of "Institute" defined in section 3(g) of the Institutes of Technology Act, 1961 (59 of 1961); (8) "Keyman insurance policy" shall have the meaning as....
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....c apparatus and surgical equipment used for the business or profession but does not include tea bushes or livestock or buildings or furniture and fittings; (18) "predecessor entity" means-- (a) the amalgamating Indian company in the case of amalgamation; (b) the demerged Indian company, in the case of demerger; (c) a firm, in the case of a succession of a firm by a company as referred to in section 70(1)(zd); (d) a private company or unlisted public company, in case of conversion as referred to in section 70(1)(ze); (19) "primary agricultural credit society" shall have the same meaning as assigned to it in Part V of the Banking Regulation Act, 1949 (10 of 1949); (20) "primary co-operative agricultural and rural development ban....
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....research, but does not include any expenditure incurred in the acquisition of rights in, or arising out of, scientific research, and the references to scientific research related to a business or class of business shall include any scientific research- (i) which may lead to or facilitate an extension of that business or, all businesses of that class; (ii) of a medical nature which has a special relation to the welfare of workers employed in that business or, all businesses of that class; (28) "securities transaction tax" shall have the meaning assigned to it under Chapter VII of the Finance (No. 2) Act, 2004 (23 of 2004); (29) "service", for the purposes of section 26(2)(h), means a service of any description which is made availab....
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.... to guard against loss in his holdings of stocks and shares through price fluctuations; (d) a contract entered into by a member of a forward market or a stock exchange in the course of any transaction in the nature of jobbing or arbitrage, to guard against loss which may arise in the ordinary course of his business as such member; (32) "Specified Banking or Online Mode" shall mean transaction by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account or through such other electronic mode, as may be prescribed; (33) "specified derivative transaction" means any transaction in respect of trading in derivatives referred to in section 2 (ac) of the Securities Contracts (Regulation)....
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....or (b) (whether singly or taken together); (d) a company or corporation in which the State Government has the right to appoint the majority of the directors or to control the management or policy decisions, directly or indirectly, including by virtue of its shareholding or management rights or shareholders agreements or voting agreements or in any other manner; (e) an authority, a board or an institution or a body established or constituted by or under any State Act, or owned or controlled by the State Government; (35) "State Industrial Investment Corporation" means a Government company within the meaning of section 2(45) of the Companies Act, 2013 (18 of 2013), engaged in the business of providing long-term finance for industrial pro....