CBDT issues note to Income
tax Department Mumbai, directs Dept. to file affidavit before Bombay HC that
STT shall be applicable to delivery based derivative transactions; CBDT takes a
view that transaction of derivative contract being settled by physical delivery
of shares is not any different from transaction in equity shares where contract
is settled by actual delivery or transfer of shares ; Therefore,
CBDT instructs Dept. to clarify to HC that the rates of STT as applicable
to delivery based equity transactions shall also be applicable to such
derivative transaction; States that legal mandate of STT is
wide enough to cover these transactions
Subscribe to:
Post Comments (Atom)
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Section 68 -Cash credits Section 69 -Unexplained investments Section 69A - Unexplained money, etc Section 69B -Amount of investme...
-
The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
-
There are certain changes in India's tax rules for TDS on payments made to non-residents. The Income Tax Act, 2025 ('ITA 2025'...
-
Recent judicial pronouncements across different forums have clarified several important aspects of Indian income tax law, particularly relat...
-
Ahmedabad Tribunal Special Bench has ruled that corpus distributed on dissolution of an offshore discretionary trust to resident Indian be...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
-
Did you come across many errors and mistakes while checking your CIBIL report status? Are you wondering how to clear yourself out of CIBIL ...
-
The Income Tax department has been modified the Form No. 15G & 15G as per amended notification No. 11/2013 [F.NO.142/31/2012-SO(TPL)]/...
No comments:
Post a Comment