Income deemed to accrue or arise in India - New Explanation 5A to the Section 9 - asset or capital asset being any share or interest in a company or entity registered or incorporated outside India - Existing explanation 5 not to apply in certain situations - Budget 2017-18 w.e.f. AY 2012-13 (Retrospective)

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..... Dated:- 2-2-2017 - Clause - 004 - Amendment of section 9. THE FINANCE BILL, 2017 Clause 4 of the Bill seeks to amend section 9 of the Income-tax Act relating to income deemed to accrue or arise in India. Clause (i) of sub-section (1) of the said section provides that certain incomes mentioned therein shall be deemed to accrue or arise in India. Explanation 5 to the said clause p .....

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..... vestors) Regulations, 2014 made under the Securities and Exchange Board of India Act, 1992. The proposed amendment is clarificatory in nature. This amendment will take effect retrospectively from 1st April, 2012 and will, accordingly, apply in relation to the assessment year 2012-2013 and subsequent years. - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion T .....

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