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Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern - Indirect transfer provisions - section 9(1) of the Income-tax Act, 1961

News and Press Release - Dated:- 30-6-2016 - Under section 9 of the Income-tax Act, 1961 (the Act), any income arising from transfer of any share of or interest in a foreign company or entity that derives its value substantially from the assets locat .....

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able to assets situated in India, and information or documents required to be maintained and furnished by the Indian concern under section 285 of the Act. The draft rules in this regard were formulated and placed in public domain on 23.05.2016 for co .....

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