Tag Archives: Section 9

Rules for FMV of assets held by company registered outside India notified

By | June 30, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th June, 2016 INCOME-TAX [Notification No. 55 /2016/F. No. 142/26/2015-TPL] S.O. 2226(E).—In exercise of the powers conferred by section 9 and section 285A, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct… Read More »

Indirect transfer u/s 9 : fair market value and reporting, Draft Rules

By | May 24, 2016

F No 142/26/2015-TPL F No 142/26/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* New Delhi, Dated 23rd May, 2016 Subject: Manner of determination of fair market value and reporting requirement for Indian concern-Indirect transfer provisions-section 9(1) of the Income-tax Act, 1961-Draft Rules-reg. Under section 9 of the… Read More »

Clarity for Indirect transfer provisions under Section 9 of Income Tax Act w.e.f 01.4.2016

By | December 2, 2015

Income deemed to accrue or arise in India. Following Explanations 6 and 7 shall be inserted after Explanation 5 in clause (i) of sub-section (1) of section 9 by the Finance Act, 2015, w.e.f. 1-4-2016 : Explanation 6.—For the purposes of this clause, it is hereby declared that— (a) the share or interest, referred to in… Read More »

Purchase of software is not payment for royalty, not liable to TDS

By | October 7, 2015

Definition of ‘royalty’ could not be applied to purchase of software by assessee which did not involve any commercial exploitation thereof Latest Books on TDS IN THE ITAT BANGALORE BENCH ‘C’ Deputy Commissioner of Income-tax v. WS Atking India (P.) Ltd. N.V. VASUDEVAN, JUDICIAL MEMBER AND ABRAHAM P. GEORGE, ACCOUNTANT MEMBER IT APPEAL NO. 1467… Read More »