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Income Tax - Highlights / Catch Notes

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Reducing the time provided for furnishing TP report - Now any ...

Income Tax

February 3, 2023

Reducing the time provided for furnishing TP report - Now any information, documents required by AO for international transaction U/s 92D has to be furnished within 10 days instead of 30 days as earlier. Also, Assessee on an application to AO or the Commissioner (Appeals) may extend period of 10 days to further period of not exceeding 30 days.

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