A person who engages in a specified domestic transaction or an overseas transaction is required under Section 92D of the Income Tax Act to maintain the required records on a regular basis. The records must be kept for eight years start...
According to the nature of the transaction, class of transactions, class of associated persons, functions performed by such persons, or any other relevant factors that the Board may specify, the arm's length price in regards to an ...
A transaction between two or even more associated businesses that involves the purchase, sale, lease, or provision of tangible or intangible property, the rendering of services, the lending or borrowing of money, or any other action th...
According to any plan mentioned in a clause, the amount of registration to such units may be subscribed for a term not to exceed six months from the closing of subscription in securities of the Central Government that may be approved b...
An enterprise that participates in the administration, control, or capital of another firm, whether directly or indirectly, or via one or more intermediaries, is referred to as an "associated enterprise" with reference to tha...
Entry 82 of the Union List of the Seventh section of the Constitution of India regulates income taxes in India and gives the central government the authority to tax non-agricultural income. The Income Tax Act of 1961, the Income Tax Ru...
To award relief for income on which both income tax under this Act and income tax in that country or specified territory have been paid, the Central Government may reach an agreement with the Government of any nation outside India or d...
If the amount specified in a sub-section was paid by the assessee by check in the prior year out of his income subject to tax and did not exceed the aggregate 2,600 rupees, the entire amount shall be subtracted from the assessee's ...
An Inspecting Assistant Commissioner may request and review the record of every proceeding in which an evaluation is pending on his own initiative, upon the Income-tax Officer's referral to him, or upon the application of an assess...
If you have donated to charitable trusts or other organisations that are authorised to provide you tax exemptions, you may be excluded from paying taxes in part or whole under the terms of an 80g certificate. You can use section 80g ta...