Wednesday, 4 September 2013

Safe Harbour Rule - Few Points.


ØIt is optional for tax payer

ØApplicable only for 5 kinds of transactions which includes ITES with insignificant  risk.

ØNot Applicable when transaction with country with tax rate less than 15%.

ØDefinition of operating expenses and income which excludes forex loss and gain.

ØProvide operating  margin and for ITES it is 20%.

ØAdditional requirement for filing of Form 3CEG.

No comments:

CBDT issues second round of frequently asked questions in relation to Direct Tax Vivad Se Vishwas Scheme, 2024

  This Tax Alert summarizes Circular No. 19/2024 dated 16 December 2024 (VSV 2- December Circular) issued by the Central Board of Direct Tax...