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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 115UA. - any distributed income from a ...

Bill

March 1, 2016

Amendment of section 115UA. - any distributed income from a business trust received by a unit holder which is of the same nature as dividend referred to in sub-section (7) of section 115-O shall not be included in the total income of such unit holder.

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  11. Amendment of section 115-O. - DDT - no tax on distributed profits shall be chargeable in respect of the total income of a company being a unit of an International...

  12. Input Service Distributor (ISD) - ISD can distribute the credit even to only one unit - AT

  13. Characterization of receipts - Treatment of interest income from staff loans and advances, interest income from other loans and advances and miscellaneous income -...

  14. Set off of the brought forward losses against the income from other sources - Ld. CIT (A) has rightly decided that, “although interest income has been shown as income...

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