TMI BlogAmendment of section 7.X X X X Extracts X X X X X X X X Extracts X X X X ..... and shall be deemed to have been inserted with effect from the 1st day of July, 2017, namely: (aa) the activities or transactions, by a person, other than an individual, to its members or constituents or vice-versa, for cash, deferred payment or other valuable consideration. Explanation. For the purposes of this clause, it is hereby clarified that, notwithstanding anything contained i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsert an Explanation therein, to clarify that the person or its members or constituents shall be deemed to be two separate persons and the supply of activities or transactions inter se shall be deemed to take place from one person to another. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X
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