Friday, May 27, 2022
HomeGeneralCBDT issues clarification on indirect transfer provision under the IT Act, 1961

CBDT issues clarification on indirect transfer provision under the IT Act, 1961

New Delih: The Central Board of Direct Taxation (CBDT) on Wednesday issued clarification on Indirect Transfer provisions in respect to circular no. 41/2016, which was issued on December 21, 2016.

Sushil Chandra Chairman of  CBDT,   the nodal national agency responsible for administering Income Tax department.
Sushil Chandra Chairman of CBDT, the nodal national agency responsible for administering Income Tax department.

After the issue of the aforementioned circular, representations have been received from various FPIs, FIIs, VCFs and other stakeholders.

The representations made by the stakeholders are currently under consideration and examination.

Pending a decision in the matter the operation of the above mentioned circular is kept in abeyance fourth time being.

ANI

RELATED ARTICLES

Lateset News

Most Popular

%d bloggers like this: