Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

Amendment of section 286.

Clause 53 - Bills - DIRECT TAXES - Income-tax - FINANCE BILL, 2018 - Clause 53 - 53. In section 286 of the Income-tax Act,- (a) in sub-section (2), for the words, brackets and figures on or before the due date specified under sub-section (1) of section 139, for furnishing the return of income for the relevant accounting year , the words within a period of twelve months from the end of the said reporting accounting year shall be substituted and shall be deemed to have been substituted with effect .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

17; (ii) clause (a) shall be relettered as clause (aa) thereof and before clause (aa) as so relettered, the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2017, namely:- (a) where the parent entity is not obligated to file the report of the nature referred to in sub-section (2); ; (d) in sub-section (5),- (i) in the opening portion, for the words in the said sub-section , the words by that country or territory shall be substitu .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ollowing agreements, namely:- (i) an agreement entered into under sub-section (1) of section 90 or sub-section (1) of section 90A; and (ii) an agreement for exchange of the report referred to in sub-sections (2) and (4) and notified by the Central Government; ; (B) in clause (d), in sub-clause (iii), for the words, brackets and figures clause (i) or clause (ii) , the words, brackets and figures sub-clause (i) or sub-clause (ii) shall be substituted and shall be deemed to have been substituted wi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

en substituted with effect from the 1st day of April, 2017. Clause 53 of the Bill seeks to amend section 286 of the Income-tax Act relating to furnishing of report in respect of international group. The said section, inter alia, provides for specific reporting regime containing revised standards for transfer pricing documentation and a template for country-by-country reporting. Sub-section (2) of the said section provides that the parent entity or the alternate reporting entity of an internation .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.