Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India

Posted Date : 09-Nov-2017 , 11:52:11 am | Posted By CASANSAAR print

Listen to this Article

0:00

Under the provisions contained in section 9(1 )(i) of the Income-tax Act, 1961 ('Act'), all income accruing or arising, whether directly or indirectly, through or from any business connection in India, or through or from any property in India, or through or from any asset or source of income in India or through the transfer of a capital asset situate in India, shall be deemed to accrue or arise in India. Explanations 5, 6 and 7 of section 9(1 )(i) further define the scope of said provision.

Category : Income Tax | Comments : 0 | Hits : 431

Also Read - Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24

Circular No. 16/2023 :?Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24

Also Read - Govt notifies Cryptocurrency – Virtual digital assets under PMLA, 2002

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 7th March, 2023 S.O. 1072(E).—In exercise of the powers conferred by sub-clause (vi) of ...

Also Read - Guidelines for removal of difficulties under sub-section (2) of section 194R of the Incometax Act

Finance Act 2022 insetted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as "the Act") with effect from I" July 2022. The new section mandates a person,...

Also Read - Cost Inflation Index for the Financial Year 2022-23

S.O. 2735(E).In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further a...

Also Read - testing testing

testing